Essar Shipping has inducted into its operations the third minicape -- mv Ishwari -- a Bulk Carrier of 105,000 Dead Weight Tonnage, being the third vessel in a series of six sister vessels.
Earlier in February, the company had inducted a new vessel in its diversified fleet, as part of $1 billion capital expenditure plan. Of the total $1 billion capital expenditure plan, $600 million is earmarked for acquiring 12 vessels and about $450 million is for two jack-up rigs.
Essar Shipping has an enviable track record of accident free/pollution free transportation. The company, through its operating track record of over 30 years has significant expertise in sea transportation and supply chain management services to steel industry, cement industry, refining industry, fertilizer industry and electricity generating companies.
