By adding three medium-range oil tankers to its fleet, Seven Islands Shipping

14th October 2023

In a strategic move to bolster its presence in the global shipping industry, Seven Islands Shipping has recently announced the acquisition of three medium-range oil tankers. The company, known for its commitment to quality and excellence in the maritime transportation sector, is set to make waves with this significant expansion.

Meeting the Growing Demand for Oil Transportation

The decision to add three medium-range oil tankers to their fleet comes at a time when the demand for oil transportation continues to surge. As the world’s economies recover and industries rebound, the energy sector has witnessed a resurgence in oil consumption. With this expansion, Seven Islands Shipping is well-positioned to meet the growing demand for oil transportation services.

Introducing the New Additions

The three newly acquired oil tankers are state-of-the-art vessels designed to meet the highest industry standards for safety, efficiency, and environmental sustainability. The ships are named “SIS Horizon,” “SIS Discovery,” and “SIS Endeavor.” These names were carefully chosen to reflect the company’s adventurous spirit and unwavering commitment to exploration and excellence.

Each of these medium-range oil tankers has a carrying capacity of 50,000 deadweight tons (DWT) and boasts the latest technology in terms of navigation, communication, and safety equipment. The vessels are equipped with cutting-edge systems to ensure the utmost safety of the crew and cargo during transit. Furthermore, the tankers are designed with energy efficiency in mind, aligning with Seven Islands Shipping’s commitment to environmental sustainability.

Enhancing Global Reach and Services

The addition of these medium-range oil tankers will not only bolster Seven Islands Shipping’s fleet but also expand its global reach and service offerings. The company, headquartered in Mumbai, India, already has a strong presence in the Indian Ocean and Southeast Asian markets. With the new vessels, it aims to diversify its operations and extend its footprint into new regions, including Europe and the Americas.

The expansion will also enable Seven Islands Shipping to cater to a wider range of clients, including major oil producers, refiners, and traders. The medium-range oil tankers are versatile vessels, ideal for both short-haul and long-haul routes. This versatility will enable the company to adapt to the dynamic needs of its clients, further solidifying its reputation as a flexible and reliable shipping partner.

Commitment to Sustainability

Seven Islands Shipping has a longstanding commitment to sustainability and environmental responsibility. The company has consistently invested in modern, eco-friendly technology to reduce its carbon footprint and minimize the impact of its operations on the oceans. The new medium-range oil tankers are equipped with advanced emissions-reducing technology, ensuring compliance with the latest environmental regulations and fostering a greener approach to maritime transportation.

Are fully committed to protecting the environment and actively contributing to the sustainability of our oceans. The addition of these vessels demonstrates our dedication to reducing our carbon footprint and setting a positive example for the industry.

Economic Implications

The expansion of Seven Islands Shipping’s fleet with these three medium-range oil tankers is not only a testament to the company’s growth but also has economic implications. It signifies increased job opportunities for both experienced and aspiring seafarers, as the company will need to hire additional crew members and support staff to operate and maintain these new vessels. Additionally, the investment in state-of-the-art technology will stimulate the maritime technology sector, driving innovation and progress in the industry.

Conclusion

Seven Islands Shipping’s acquisition of three medium-range oil tankers marks a significant step in the company’s journey towards becoming a global leader in the maritime transportation industry. The addition of these vessels is a testament to their commitment to quality, safety, and sustainability, as well as their dedication to meeting the growing demand for oil transportation services. As the world’s economies recover and industries thrive, Seven Islands Shipping’s expansion promises to play a crucial role in facilitating the flow of vital resources to support global growth.