Elektrans Shipping Expands Its Fleet

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Mumbai-based Elektrans Shipping (formerly Doehle Danautic) has announced the acquisition of Japanese-built 149,834dwt suezmax tanker Distya Akula, co-owned with Arya Industries.

The 1995-built tanker which is to be flagged in India brings the company’s fleet to three vessels.  

Elektrans and Arya have invested $40m towards vessel acquisitions, with a chemical tanker and handy-size oil tanker making up the fleet.

Daniel Chopra, Managing Director of Elektrans said, “Acquisition of Distya Akula further consolidates Elektrans’ position as a full-service maritime company.  We have embarked on an aggressive acquisition plan to increase the ownership fleet size.”

“Besides owning oil and gas tankers, we are watching the dry bulk segment, which holds promise.  Such an expansion plan, especially in today’s tough market scenario, demands, in addition to the technical, commercial and human expertise, steadfast leadership and focus.”

Elektrans owns ships, but also offers crew management, technical management, ship recycling, chartering and shipbroking services.

Source: PTI News

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