Fairfax-backed Seven Islands Shipping expands fleet with oil products tanker
December 18th, 2021 by

It now runs a fleet of 23 ships, comprising 18 oil products tankers, three crude tankers, two LPG carriers
Seven Islands Shipping Ltd, backed by Indian-born Canadian businessman Prem Watsa-led Fairfax India, has purchased a second-hand oil products carrier, its third acquisition in less than four months, for an undisclosed amount.
The initial public offering (IPO)-bound Seven Islands Shipping took delivery of the medium range, 45,761 tonne-capacity oil products tanker, in Singapore on Thursday, company officials said. The Hong Kong-registered tanker has since been registered under the Indian flag and named ‘Marvels’.

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