Sanmar Shipping plans to have 20 ships in the next few years
The Hindu
Sanmar Shipping Ltd. (SSL), a part of Chemplast Sanmar, plans to expand its fleet to 20 ships. To support this growth, SSL has launched a new subsidiary in Singapore, Sanmar Shipping SG Pte. Ltd. Chairman Vijay Sankar envisions taking the fleet strength to 20 in the next few years. MD C.V. Subba Rao sees potential in the LPG sector and the company has a good base in the Clean Petroleum Products market. SSL currently operates 10 tankers and two LPG carriers, having acquired its first ship in 1995.
Sanmar Shipping Ltd., (SSL), a part of Chemplast Sanmar, has drawn up plans to strengthen its fleet by adding eight more ships taking the total to 20.
Being a prominent player in the international tanker market, SSL inaugurated a new subsidiary in Singapore named Sanmar Shipping SG Pte. Ltd., to leverage its presence there both for operational and strategic efficiency, Chemplast Sanmar said in a social media post.
In his inaugural address, Sanmar Group Chairman Vijay Sankar expressed his vision of taking the fleet strength to 20 in the next few years.
He also felt that the Singapore office will be a complimentary to the growth of the group, bringing in new clients and collaborations.
Sanmar Shipping Managing Director C.V. Subba Rao said that he saw good potential in the LPG sector and the company had a good base in the Clean Petroleum Products market.
Floated during September 1994, SSL operates as a marine transportation company with 10 tankers and two LPG carriers to its customers worldwide.
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