India’s Sanmar Group enters VLCC market with $50m Angelicoussis purchase

Chennai-based Sanmar Group has taken its first step into the VLCC segment, acquiring the 321,000 dwt Maran Canopus from Greece’s Angelicoussis Shipping Group in a deal valued by brokers as between $48m and $50m. The 2007-built Daewoo Shipbuilding tanker has been renamed Sanmar Herald. This milestone reflects Sanmar’s steady fleet expansion strategy. A few years …

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