Singapore-based Tata NYK Shipping Pte Ltd, the 50:50 joint venture shipping firm set up by the world's sixth biggest crude steel maker, Tata Steel Ltd, and Japanese shipping major NYK Line, will expand its fleet by inducting 10 more bulk carriers to meet rising demand for shipping cargo into and out of
The joint venture started commercial operations in May and currently operates a fleet of six vessels, including four Handymax carriers and two Panamax vessels. The joint venture was set up to ship bulk cargo such as coal, iron ore, bauxite and steel arriving in and departing from Indian shores. Officials also said the shipping firm would cater to the needs of Tata Steel for moving raw materials and finished steel. The ships operated by Tata NYK are registered in
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