Tolani Shipping, based in Mumbai, continues its pivot into wet operations, approaching its third clean tanker in a row, the 26,000 DWT stainless steel Clarice built in 2014 at Asakawa Shipbuilding and currently owned by Shenlong Maritime. The price is understood to be around $29.5 million, making it Tolani’s largest tanker purchase to date.
Traditionally a dry bulk owner since its founding in the 1940s, Tolani had steered clear of tankers for decades until it entered the stainless steel chemical tanker segment in early 2023, acquiring two J19 units for just under $40 million.
The company’s fleet profile now totals nine vessels, with an average age of 16 years, relatively young compared to other Indian private owners. Eight of its ships are Japanese-built.
Hans Henrik Thaulow is a journalist based in Oslo who has been covering the shipping industry for the past 15 years. In addition to some work for the Informa group, Hans was China correspondent for Tradewinds. He also contributes to Maritime CEO magazine. Hans’s shipping background extends to working as a ship apprentice with Simpson, Spence & Young in Hong Kong.
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