The company had contracted to buy the vessel in November 2016.
Crude Oil Tanker Jag Laxmi - Image courtesy: Ed Cooke
With the inclusion of this vessel, the Company’s current fleet stands at 41 vessels, comprising 26 tankers (9 crude carriers, 15 product tankers, 2 LPG carriers) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 9.18 years aggregating 3.23 mn dwt.
Additionally, the company has committed to purchase 3 Secondhand Suezmaxes.
Source: GE Shipping