- First of its type MiniCapebulk carrier vessel MV Kamlesh, built at STX Dalian Shipyard
- She is the first vessel in a series of Six that ESL will induct into the fleet in next six months
- After acquiring all the 12 vessels the DWT will go up to 2.6 million tonnes from 1.71 million tonnes making 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 “Kamlesh” into its operations. This newest addition to Essar Shipping’s growing fleet, MV Kamlesh, is a bulk carrier, 253 metre long, 43 metre wide vessel and has a cargo capacity of 105000 dwt. Essar Shipping has a total capex 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.
She is the first vessel in a series of six vessels that ESL will be taking delivery of into its fleet by mid 2012.
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.
These six modern state-of-the-art vessels built at STX Shipyard are specially designed shallow drafted vessels, that will provide substantially higher cargo carrying capacity focused on draft conditions of Indian Ports.
On this occasion Mr. A. R. Ramakrishnan- Managing Director, Essar Shipping Limited said, “Essar Shipping is in the process of enhancing fleet capacity through induction of six MiniCape vessels and six Supramax dry bulk carriers. With the current tonnage of 1.71 million DWT (deadweight tonnes) with the addition of this vessel, 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. With its shallow draft and high cargo carrying capacity, ESL is confident that these uniquely designed MiniCapesize vessels will make trade to the Indian coast more economical and cost effective for clients in the Power, Steel and other core sectors.”
About Essar Shipping
Essar Shipping Limited has a diversified fleet of 23 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.
About Essar Group
The Essar Group is a multinational conglomerate and a leading player in the sectors of Steel, Energy, Infrastructure and Services. With operations in more than 25 countries across five continents, the Group employs 75,000 people, and has revenues of USD 17 billion.
For Media Queries
Manish Kedia, Sr. VP, Corporate Affairs, Essar Group
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Jatin Aggarwal, DGM-Corporate Communications, Essar Group
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