India’s Seacoast Delivery Providers has bought a ten,300-dwt multipurpose cargo vessel for $6.1m.
The corporate purchased the 20-year-old vessel named
Bharadwaj, constructed by Japan’s Higaki Zosen Koura. The acquired ship is presently positioned at Qatar Port the place it’s present process inspection and crucial process for a flag change and the method is anticipated to be accomplished by January 15, 2024.
Seacoast Delivery beforehand introduced a buyback of shares however as a result of substantial expenditure wanted for the acquisition and the necessity for working capital, it has deferred the buyback in the meanwhile.