Gujarat: AM/NS India's arm acquires 2 bulk carriers

AHMEDABAD: The shipping arm of integrated flat carbon steel manufacturer in India, AM/ NS India, and its wholly owned subsidiary, AMNS Shipping and Logistics, on Saturday announced that it had acquired two Karmsarmax bulk carriers with a deadweight tonnage of 81,000 each.

The two vessels were registered at Mumbai's Mercantile Marine Department (MMD). "Until now, AM/NS India mostly depended on chartering foreign-flag vessels for movement of 15 MMTPA of raw materials between the east and west coasts of India. The acquisition of these two vessels will boost the domestic shipping industry," said Hrishikesh Kamat, chief procurement officer, AM/NS India. AM/NS India is a major steel producer with a 9 MMTPA installed capacity at Hazira near Surat. tnn