Varun Shipping Group acquires its Twelth LPG Carrier

Varun Shipping Company Ltd has announced that Varun group has acquired its twelth LPG Career, MAHARSHI VAMADEVA on December 18, 2006. The new vessel has a cargo carrying capacity of 57,206 cbm. This will be the largest LPG carrier in the Indian fleet.

With the addition of this ship, the Company will own around 79 per cent of total LPG tonnage presently operating under Indian flag. The Company now owns a fleet of eighteen vessels.

The Company's vessel acquisition was financed partly out of its own resources and partly out of long term loan from State Bank of India.

Source : Equity Bulls

Keywords