Varun Shipping acquires New Modern AHTS Vessel
Varun Shipping Company Ltd has announced that the Company has taken delivery of fourth 2008 built 16,100 BHP Anchor Handling Towing and Supply Vessel (AHTS). This is a specialised vessel which is used 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 this 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.

The acquisition was financed partly out of Company’s internal resources and partly out of long term loan availed from a banker.