US EditionApeejay Shipping Reshuffles Fleet, Opts for Larger but Older Bulk Carriers - India Seatrade News
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Apeejay Shipping reshuffles fleet, opts for larger but older bulk carriers - India Seatrade News
Sumant Ahlawat-led Apeejay Shipping has restructured its dry bulk fleet, choosing larger vessels at the cost of raising its overall fleet age. The Indian shipping major has acquired two 18-year-old, 83,000 dwt sister ships — Star Danai and Star Georgia — from Greece’s Star Bulk Carriers for $22.84 million. Both Japanese-built vessels were added to the fleet in May and August 2025, according to VesselsValue. These mark Apeejay’s first purchases o…
Apeejay Shipping swaps younger ships for larger, older units in Star Bulk deal
Sumant Ahlawat-led Apeejay Shipping has reshuffled its dry bulk fleet, opting for larger units even at the expense of raising its overall fleet age. Last week, Greece’s Star Bulk Carriers announced a series of vessel sales. Apeejay Shipping – one of India’s oldest shipping companies – has now been confirmed as the buyer of some …
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