Financial Ports

India’s Seven Islands Shipping smashes $500m fleet value barrier

CLAVE 1 / 4Seven Islands Shipping’s fleet value has surged past $500m for the first time, reaching $612.9m.

CLAVE 2 / 4The company acquired the 50,000 dwt tanker Inspire for $15.5m, its second MR purchase this year.

CLAVE 3 / 4Seven Islands now operates 29 vessels, up from 14 in 2019, making it India’s second-largest private tanker operator.

CLAVE 4 / 4The latest deal leaves the firm just one ship short of its 20-vessel target in the handysize tanker market.

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