GE Shipping Acquires OSV

According to source, the Great Eastern Shipping Company on Monday took delivery of a newly built OSV named `Malaviya Twenty Five' from Bharati Shipyard Ltd. With this, the company's fleet now stands at 73 vessels - 40 ships and 33 offshore assets. The company has also signed a new building contract with Bharati Shipyard Ltd for a 140 T bollard pull anchor handling tug supply vessel with delivery expected by mid-2007. Apart from these, a modern Aframax crude carrier is due to join the company's fleet this month, the company said in a release. The company has also signed a contract with STX Shipbuilding Company Ltd, Korea for construction of 2 Long Range One (LR1) Product Tankers of 74,500 dwt each. source: Sify