India’s Seven Islands Shipping Expands Fleet with $44 Million Suezmax Purchase from Eastern Pacific Shipping

13.10.2025

India’s Seven Islands Shipping is continuing its fleet expansion strategy by acquiring a Suezmax-class tanker from Singapore-based Eastern Pacific Shipping (EPS), owned by Israeli billionaire Idan Ofer.

According to shipbrokers, Seven Islands has purchased the “Brightway”, a 2012-built tanker constructed at Hanjin Subic Shipyard in the Philippines. The vessel, with a deadweight capacity of 160,000 tons, reportedly changed hands for over $44 million.

The acquisition reflects Seven Islands’ long-term strategy to expand and modernize its tanker fleet, strengthening its role in global crude oil transportation. The company continues to diversify its assets, focusing on mid-aged, efficient vessels that offer flexibility amid fluctuating oil demand.

The purchase of Brightway marks one of the largest transactions in India’s shipping sector in 2025, underscoring Seven Islands’ growing international ambitions in charter and tanker operations.

Founded in 2002 and headquartered in Mumbai, Seven Islands Shipping Ltd. is one of India’s leading private tanker operators. The company specializes in crude oil and petroleum product transport, managing a fleet of over 20 vessels, and works closely with major state-owned companies such as Indian Oil Corporation and Bharat Petroleum.