India's Essar Shipping has created the first MiniCape "MV Kamlesh" (105,000dwt) in a series of six that Essar will acquire in the next 5 months. These six state-of-the-art vessels built at STX Shipyard are specially designed shallow draft vessels that will provide substantially higher cargo carrying capacity. Kamlesh is carrying 100,000 tonnes of coal from Australia for Essar Steel.|
This is part of the USD 1 billion capex to acquire 12 vessels and two jackup rigs. Total tonnage to go up to 2.6 million tonnes from, 1.71 million tonnes currently, making Essar Shipping among the top 2 private sector shipping companies in India, with the largest fleet of Capesizes. These vessels would comfortably carry flexible quantities of coal / iron ore parcels to meet the growing cargo requirements of Power, Steel and other core sector industries in India.