New Delhi-based steel and utility company Jindal Steel & Power (JSPL) initially intends to spot charter two supramaxes per month to haul coal from its captive mines in Mozambique to India.
In 2009, the company dropped its $100m plan to acquire four modern supramaxes due to the “unfavourable shipping market” and a delay in construction of its Indian projects. Instead, in 2012, it targetted purchasing ships and negotiated with US-listed Eagle Bulk Carriers and Greek owner Goldenport Holdings.
JSPL
