ABG Shipyard has bagged Rs 618 crore order from (USD 139 million) from Cyprus-based Essar Shipping & Logistics Ltd, for construction of four supramax bulk carriers.
As per the agreement, ABG Shipyard would construct four 54,000 DWT supramax bulk carriers for the Cyprus firm at a price of Rs 618 crore as part of its ship acquisition programme, the company informed the Bombay Stock Exchange.
Essar Shipping & Logistics is a Cyprus-based subsidiary of Essar Global Ltd, and is a leading sea logistics solutions provider involved in transportation, logistics management, transshipment and activities relating to ports and terminals.
As per the agreement, ABG Shipyard would construct four 54,000 DWT supramax bulk carriers for the Cyprus firm at a price of Rs 618 crore as part of its ship acquisition programme, the company informed the Bombay Stock Exchange.
Essar Shipping & Logistics is a Cyprus-based subsidiary of Essar Global Ltd, and is a leading sea logistics solutions provider involved in transportation, logistics management, transshipment and activities relating to ports and terminals.