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Stx Shipbuilding Company Ltd News

07 Jul 2006

GE Shipping to Acquire Two New Tankers

Great Eastern Shipping Company Ltd. has ordered two new building Long Range One (LR1) Product tankers from STX Shipbuilding Company Ltd., Korea. Great Eastern said the vessels, of around 74,500 dwt each, are due for delivery during the third quarter of 2008-09. With this order, the company's new building order book stands at nine tankers (4 LR1 product tankers and 5 MR product tankers) with an aggregate dwt of 0.52 million and 5 OSVs (4 AHTSVs and 1 PSV). The existing fleet of 74 vessels of the company includes 40 ships with an average age of 12.7 years and 34 offshore units and the order book comprises 12 vessels — seven tankers and five offshore supply vessels (OSVs). (Source: http://www.domain-b.com)

28 Mar 2006

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