Clayton Pinto-led Seven Islands Shipping, a Mumbai-based tanker specialist, has paid $11m for the 13,200 dwt Owl 3—its second 2010-built clean tanker acquisition in under a year. The ship is listed as sold by clean tanker specialist Interunity Management.
In recent years, Fairfax Financial Holdings-backed Seven Islands has focused on adding MR-sized tankers and smaller chemical tankers to serve the Indian coastal trades, acquiring three MR tankers and an equal number of chemical tankers since 2023.
According to VesselsValue, Seven Islands Shipping’s fleet now consists of 27 tankers, with nine additions since 2023. Most ships have been flagged home to India.