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03-Apr2018

GE Shipping inks contract to buy secondhand Very Large Gas Carrier

Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a secondhand Very Large Gas Carrier of about 81,617 cbm. The 2007 built vessel is expected to join the company's fleet in Q1 FY19.

The company's current fleet stands at 47 vessels, comprising 32 tankers (12 crude carriers, 17 product tankers, 3 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 10.37 years aggregating 3.88 million dwt. Additionally, the company has committed to purchase 1 secondhand Medium Gas Carrier.

Great Eastern Shipping Company is India's largest private sector shipping company. The company's major businesses include shipping and offshore.




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