Dubai’s Simatech expands fleet and network

Company purchases two vessels in $11m deal.
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 Simatech Shipping has added two new vessels to its fleet while also upgrading its existing network.

The Dubai-headquartered company purchased two handysize container vessels en bloc for US$11m last month from Japan’s NYK Line.

The two vessels, the Iwaki and the Izumo, are a pair of 1,613-teu boxships built in 1997.

Simatech currently has seven live vessels in its fleet, while it awaits delivery of its two recent purchases and two newbuilds on order from China’s Taizhou Kouan Shipbuilding.

The new vessels are a pair of 4,350-teu boxship purchased for $37.2m each.

Simatech, which provides a feeder service in the Gulf, the Indian Sub-Continent, Far East and East Africa, has matched its fleet expansion with an upgrade of its network through joint services with X-Press Feeders and Orient Express Lines.

The trio have expanded their joint ASX Service between India and the Middle East by adding a direct call at Adani Hazira Container Terminal, a private facility in western India.

The weekly service, deploying two vessels of around 4,100-teu vessels, will now offer the following rotation: Jebel Ali, United Arab Emirates; Mundra, Hazira and Nhava Sheva (Jawaharlal Nehru), India; and back to Jebel Ali.

The first vessel to call the Hazira terminal in the revised schedule will be the MV Ville D’Acquarius, arriving on Thursday 28 August.

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