OREANDA-NEWS. February 28, 2012. She is the second vessel in a series of Six that ESL will induct into the fleet in next four months

After acquiring all the 12 vessels the DWT will go up to 2.6 million tonnes from 1.71 million tonnesmaking Essar Shipping among the top 2 private sector shipping companies in India

Essar Shipping is one of the largest private sector shipping companies in India; owning the largest fleet of Capesize vessels

Mumbai: Essar Shipping Limited (ESL) part of the Essar Group has, taken the delivery of MV “Arun”.  This newest addition to Essar Shipping’s growing fleet, MV Arun, is a Mini Cape which is 253 metre long, 43 metre wide and has a cargo capacity of 105000 dwt. Essar Shipping has a total capexplan of USD 1 billion out of which USD 600 million is for acquiring 12 vessels and approx. USD 450 million is for acquiring two jack up rigs.

On takingdelivery of second Mini cape, Mr A. R. Ramakrishnan- Managing Director, Essar Shipping Limited said, “The delivery of second Mini Cape further strengthens our fleet. This is in line with our plan to acquire vessels that carry larger parcels at economic costs and suits Indian conditions.  In line with its policy to acquire vessels backed by cargo, MV Arun has alreadybeen deployed for transportation of coal from Australia.”

MV Arun - MiniCape vessels

With its uniquely designed hull to ensure larger carrying capacity with minimal draft requirements, ESL is confident that these uniquely designed MiniCape vessels will make trade to the Indian coast more economical and cost effective for clients in the Power, Steel and other core sectors

The vessel is fully compliant with International Maritime regulations in force as on date. ESL is proud to include this modern, efficient and environment friendly Mini Cape vessel in its growing fleet of Bulk Carriers.

Essar Shipping continues to serve its customers efficiently with a fleet comprising of VLCC (Very Large Crude Carrier) tankers, Capesize vessels, Supramaxes, mini bulk carriers and other lighterage&transshipment assets. The fleet capacity will rise significantly to 2.6 million DWT after completion of induction of all the 12 vessels

Essar Shipping Limited has a diversified fleet of 25 vessels, including VLCCs, Capesizes, Supramaxes, mini bulk carriers and tugs. The company has placed orders for 12 new ships, which are expected to join the fleet over the next 24 months. A sizeable part of the capacity is deployed on long-term contracts and COAs, insulating the company from the volatility of spot markets.

The Oilfields Services business provides contract drilling services to oil & gas companies across the globe. This business owns one semi-submersible rig and 12 land rigs. The company has ordered two new jack-up rigs, which will be joining the fleet over the next 18 months.

The Logistics business provides end-to-end logistics services – from ships to ports, lighterage services to plants, intra-plant logistics and dispatching finished products to the final customer. This business owns transshipment assets to provide lighterage support services, and onshore & offshore logistics services. It manages a fleet of over 5,000 trucks for inland transportation of steel and petroleum products.