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Essar Shipping planning to expand fleet expansion: Report

11 Dec 2017 Evaluate

Essar Shipping is reportedly planning to expand and diversify its fleet by acquiring a panamax size bulk carrier, a medium range oil tanker, and a Suezmax carrier. The expansion plan, focussed more on the liquid side, though, will be subject to securing long-term cargo transportation contracts.

Essar Shipping is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services.

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