Samudera Shipping to acquire a tanker from Shapoorji Pallonji Forbes Shipping

Samudera Shipping‘s subsidiary Samudera Tankers has entered a memorandum of agreement to acquire the tanker MT Saranga from Shapoorji Pallonji Forbes Shipping for US$12.5 million in cash, the company said in a filing to SGX Wednesday. 

“The tanker purchase will enable the group to expand its fleet of vessels. The group will be able to enter into charter contract(s) with its customers,” Samudera Shipping said.

The MT Saranga is an Indian-flagged tanker built in 2006; Samuderal Shipping plans to rename the vessel MT Sinar Malahayati, the filing said. 

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