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Adani Shipping Buys Vessels to Transport Coal From Australia

Jan. 7 (Bloomberg) -- Adani Shipping Pte Ltd., a unit of India’s Adani Enterprises Ltd., bought two ships to transport coal from the group’s mines in Indonesia and Australia, the company said in an e-mailed statement today.

Adani Shipping plans to have 20 capsize vessels by 2020, the statement said, citing Chairman Gautam Adani.

To contact the reporter on this story: Malavika Sharma in New Delhi at msharma52@bloomberg.net.

To contact the editor responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net.

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