Graig cuts Indian Diamonds

The Graig Group has extended its successful series of new design Diamond 53 double-hull 53,000DWT Handymax bulkers into India. Working with Indian trading company Goodearth Maritime Ltd (GML), Graig will provide the vessel design, brokerage, yard supervision, procurement and yard consultancy services for a series of six firm orders plus three options for Diamond 53s to be built at the Hindustan Shipyard Ltd, Visakhapatnam. The first vessel will be delivered to GML in 2007.

This order bring the number of Diamond 53s ordered in China, Vietnam and now India to thirty-five. The first three have been delivered and are exceeding performance expectations. The Graig/Carl Bro designed Diamond 53 Handymax vessels are double-hull, geared, highly flexible and designed with the future in mind, and will be the robust workhorses of the Handymax market.

Goodearth Maritime Ltd is an upcoming shipping company in India which has taken major strides into the newbuilding market by placing this order for Diamond 53 handysize bulkers.