Reportedly, ArcelorMittal Nippon Steel India Limited (AM/NS India) will expand its Indian flagged fleet as it seeks to secure supply chain due to a shortage of Indian registered ships in the market. AM/NS Shipping and Logistics Private Limited, a wholly owned unt of AM/NS India, purchased two Kamsarmax ships in 2022 to ferry cargo along the coast. The company is now close to buying two more ships from the second-hand market. It requires around 200 ships a year to move cargo along the coast and the number is expected to go up as the steel plant expands capacity from 8.6 mt.
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