Seros Logistics acquires a Supra Max vessel for its diversified maritime logistics fleet
The company will operate the vessel “MV Amarnath” to transport general cargo and has invested approximately $ 7 million in the acquisition.
âSeros is one of the biggest cabotage operators in India when it comes to cabotage. We remove a lot of congestion on the highway leading to the coastal road and therefore, you know, as a multiplier effect, pollution is decreasing, congestion on highways And therefore, we strongly believe that cabotage is a sector that is largely underutilized in India, and there significantly as India enters a developed economy, âsaid Ashish Agarwal, CEO of Seros Logistics at ET.
Seros boasts of vessels comprising mini-bulk carriers, offshore accommodation barges, a diverse fleet of tugs, floating cranes, propelled and non-propelled barges. The company offers services such as drydocking, barge operation, chartering, vessel repair and maintenance, dredging and other offshore support offerings.
Amarnath is the latest addition to the company’s specially designed shallow draft vessels, the âNath Seriesâ. Some of the others are the MV Adinath, the MV Kedarnath, and the MV Parshvanath. The addition of the MV Amarnath to its maritime fleet will further strengthen the core competencies of the company, he said.
âNow is a good time to be on the expedition,â Agarwal said. âThis acquisition has worked very well for us in terms of timing. This gives us significant depth. Until now, we were only in the mini bulk carrier segment. This means that we only operate vessels from 2,000 tonnes to 10,000 tonnes. This is the first time we have ventured into Supra Max out of the mini bulk carriers. And Supra Max is the market for current shipping market rates and is giving a pretty good return as well. The kind of comeback you see sort of once in a decade. ”