Indian owners hunt suezmax tonnage
August and September have been busy months for India’s tanker owners. Market sources tell <em>Splash</em> that local players are bidding for tonnage as refiners grow increasingly wary of Washington’s tightening grip on Russian crude. This week, privately held, Mumbai-headquartered Seven Islands Shipping has been noted by brokers to be in the process of expanding its suezmax portfolio, doubling it in size, paying a little over $40m to Greece’s Tanker Ventures for the 158,000 dwt <em>Constantios</em>, a 2009 Hyundai Samho-built ship.The deal follows last week’s news that another Mumbai heavyweight, the publicly listed Great Eastern Shipping, was behind the purchase of CMB. TECH’s <em>Sofia</em>. The 165,000 dwt suezmax, built in 2010, was also built by Hyundai Samho Heavy Industries. This ship changed hands for $40.1m, with its special survey and drydock due.