The two bulk carriers will help the company reduce its dependence on foreign vessels and boost the domestic shipping industry.
The shipping arm of AM/NS India, a joint venture between ArcelorMittal and Nippon Steel and its wholly owned subsidiary AMNS Shipping & Logistics, has acquired two COMSRMAX bulk carriers, each of 81,000 deadweight tonnage. The names of the two ships – AM/NS India Maximus and AM/NS India Stallion – reflect the steel brand names of AM/NS India for premium quality rolled steel plates and hot-rolled steel. Both the ships were recently registered with the Mercantile Marine Department (MMD), Mumbai in the presence of Captain SI Abul Kalam Azad, Principal Officer, Mumbai and Capt. Anish Joseph, Nautical Surveyor cum DDG (Tech).
Names of two ships – AM/NS India Maximus and AM/NS India Stallion
Also present on the occasion were Ashutosh Mathur, Head of Chartering, AM/NS India, M. Balaji, Head of Treasury and Banking, AM/NS India and Manish Saxena, MD, Anglo-Eastern Ship Management. Hrishikesh Kamat, Chief Purchase Officer, AM/NS India said, “Till now, AM/NS India was mostly dependent on hiring foreign ships for the movement of 15 MMTPA of raw material between the East and West Coasts of India. The acquisition of these two vessels is a significant step in reducing dependence on foreign flag vessels and will also give a boost to the domestic shipping industry. AM/NS India is a major steel producer with an installed capacity of 9 MMPTA at Hazira near Surat. The company is planning to expand its fleet (ship convoy) for better operational control of freight traffic.
AMNS Shipping & Logistics Wholly Owned Subsidiary
AMNS Shipping & Logistics is a wholly owned subsidiary of AM/NS India and owns floating assets and also caters to market cargo and steel plant requirements. The dedicated unit to meet the shipping requirements of the steel plant helps the company to have a cost advantage in the transportation of raw materials, especially when the freight rates are high. Moreover, shipping is the most eco-friendly mode of transport. AMNS Shipping & Logistics is committed to decarbonize its shipping supply chain and plans to add latest ships to its fleet to reduce carbon emissions.
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