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Wednesday, October 18, 2017

GE Shipping Buys New Vessel

March 18, 2017

Photo: The Great Eastern Shipping Co. Ltd

Photo: The Great Eastern Shipping Co. Ltd

 The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Supramax Dry Bulk Carrier of about 52,450 dwt. 

 
The 2006 built vessel is expected to join the Company’s fleet in Q1 FY18.
 
The Company’s current fleet stands at 43 vessels, comprising 28 tankers (11 crude carriers, 15 product tankers, 2 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 9.56 years aggregating 3.54 mn dwt. 
 
The company has also committed to purchase 1 Secondhand Suezmax Crude Carrier.
 
The Great Eastern Shipping Company Limited is engaged in the business of providing shipping services. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. 
 
Its offshore business services the oil companies in carrying out offshore exploration and production activities.
 
oiltransportationCrude oil