India’s Essar Shipping Ltd has agreed to sell five of its tankers to Top Tankers Inc to take advantage of high asset valuation in the shipping market, said PTI. The agreement is subject to Top Tankers fulfilling certain capital markets formalities on or before November 25. The vessels are to be delivered to Essar…
INDIA: Essar Shipping to sell 14-year-old tankers for undisclosed sum
Posted on November 12, 2004 by EnergyAsia