Fleet Acquisition Details
- Contracted to buy a secondhand Kamsarmax Dry Bulk carrier on August 07, 2026
- Vessel capacity: 81,886 deadweight tonnage (dwt)
- Year built: 2015
- Expected delivery: Q3 FY27 (Quarter 3 of Financial Year 2027)
- Financing: Entirely from internal accruals
- Purpose: Expansion of the fleet
Current Fleet Status
- Total owned fleet: 40 vessels
- Tankers: 25 vessels (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers)
- Dry Bulk Carriers: 15 vessels (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax)
- Total fleet capacity: 3.24 million dwt
- Current capacity utilization: Close to 100%
Strategic Context
The acquisition represents fleet expansion through the purchase of a secondhand vessel, adding to the company's existing portfolio of dry bulk carriers. The vessel will increase the company's Kamsarmax dry bulk carrier count from 10 to 11 vessels upon delivery in Q3 FY27.