Seven Islands Shipping adds 3 medium-range oil tankers to fleet
PORTS & SHIPPING

Seven Islands Shipping adds 3 medium-range oil tankers to fleet

Seven Islands Shipping, India's second-largest private oil tanker shipping company, has recently acquired three second-hand medium range oil tankers, expanding its fleet size to 28. This acquisition was made for an undisclosed amount.

Two tankers were delivered to Seven Islands Shipping a few days ago, with the third MR tanker expected to be inducted into the fleet in the next few days. The company, which is backed by Indian-born Canadian businessman Prem Watsa-led Fairfax India Holdings Corporation, has not provided any official comments regarding this acquisition yet.

Seven Islands Shipping, recognised as the fastest-growing Indian shipping company, currently possesses a fleet of 27 vessels. This fleet includes 2 crude oil tankers, 23 product carriers, and 2 gas carriers. The crude oil vessels play a significant role in fulfilling India's increasing demand for crude oil imports, while the product tankers are responsible for transporting various refined oil products. It's worth noting that all of the company's ships are registered under the Indian flag.

Seven Islands Shipping, India's second-largest private oil tanker shipping company, has recently acquired three second-hand medium range oil tankers, expanding its fleet size to 28. This acquisition was made for an undisclosed amount. Two tankers were delivered to Seven Islands Shipping a few days ago, with the third MR tanker expected to be inducted into the fleet in the next few days. The company, which is backed by Indian-born Canadian businessman Prem Watsa-led Fairfax India Holdings Corporation, has not provided any official comments regarding this acquisition yet. Seven Islands Shipping, recognised as the fastest-growing Indian shipping company, currently possesses a fleet of 27 vessels. This fleet includes 2 crude oil tankers, 23 product carriers, and 2 gas carriers. The crude oil vessels play a significant role in fulfilling India's increasing demand for crude oil imports, while the product tankers are responsible for transporting various refined oil products. It's worth noting that all of the company's ships are registered under the Indian flag.

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement