Gatik Ship Administration’s fleet worth surges previous $1bn

India’s Gatik Ship Administration assault for tanker tonnage continues because it emerges because the taker of a ship bought by Belgian tanker proprietor Euronav.

Euronav revealed final week it had bought the 16-year-old suezmax
Cap Charles. Brokers have put a $41m price ticket on the take care of delivery database Equasis exhibiting Gatik as the brand new proprietor, the Mumbai’s firm’s fourth ship acquisition in February alone.

Gatik has added 10 ships to its fleet to date this yr with VesselsValue suggesting its fleet made up of 44 tankers with a median age of 17 years is now price $1.39bn, up by round $400m within the house of only one month.

In June final yr Gatik entered the shipowning enterprise as certainly one of a number of latest names shuttling oil from Russia to India.