Apeejay: Now Is A Good Time To Acquire Quality Assets

- Mar 30, 2018-

It is reported that Apeejay Shipping, a subsidiary of the Apeejay Surrendra Group, announced that it has acquired a 76,002 dwt non-transmission Panamax bulk carrier, which has been renamed "APJ Kabir Anand".


It is reported that after the acquisition of "APJ Kabir Anand" round, the size of the Apeejay Shipping fleet has increased to 9. plate flange


The company said that the acquisition of the ship is the third non-drive Panamax bulk carrier that the company acquired since September 2017. reducer elbow


Karan Paul, chairman of Apeejay Shipping, said that now is a good time to acquire quality assets. Demand has generally increased due to global economic growth and supply decline. The freight market is expected to be beneficial to the bulk carrier industry in the next few years and will become a strong annual payment for the bulk shipping industry in 2018 and 2019. glenflange


Karan Paul said that the company is ready to take advantage of the positive trend in the bulk market to purchase affordable bulk carriers. In the future, the company will focus on fleet expansion and capacity growth, and hopes to acquire the right ships at the right time.