Indian Company to Buy VLGC

Thursday, July 05, 2012

Great Eastern Shipping Company signs contract to buy a 1990-built Very Large Gas Carrier (VLGC)

The Great Eastern Shipping Company Limited (G E Shipping) has signed contract to buy a Very Large Gas Carrier (VLGC) of about 49,700 dwt (75,000 cbm).

The 1990-built vessel is expected to join the Company’s fleet during Q2FY2013.

The Company’s current fleet stands at 32 vessels, comprising 22 tankers (9 crude carriers, 13 product carriers) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.7 years aggregating 2.55-million dwt.

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