Indian carrier buys three bulk vessels

Indian carrier buys three bulk vessels Indian carrier Apeejay Shipping has placed orders for three 57,000-deadweight-ton dry bulk carriers from China-based COSCO Shipyard Group for $130 million, Indian press outlets reported Monday.
   The vessels are expected to be delivered from 2009 to 2011. According to the company's Web site, it operates a fleet of five bulk carriers of various sizes, with two of the vessels serving Indian routes and the other three trading worldwide.