Friday, January 23, 2009

Varun Shipping gets delivery of fourth AHTS

Mumbai-based energy carrier Varun Shipping has informed that it has taken delivery of fourth 2008 built 16,100 BHP Anchor Handling Towing and Supply Vessel (AHTS).

The company will used this for deep sea oil exploration activity going on in areas like North Sea, KG basin and Atlantic Ocean off the coasts of Nigeria, Brazil and Mexico.

With the latest acquisition, the company owns a well diversified fleet of 20 vessels comprising of 11 LPG carriers, 3 double hull aframax crude tankers and 6 anchor handling towing and supply vessels.

A company official stated that the acquisition was financed partly out of Company's internal resources and partly out of long term loan availed from a banker.

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