G E Shipping Sells General Purpose Product Tanker

By Joseph R. Fonseca
Thursday, August 28, 2014
Great Eastern

The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell the 1991-built General Purpose Product Tanker Jag Prachi (28,610 dwt). The vessel will be delivered to buyers in September-October, 2014.

The company’s current fleet stands at 30 vessels, comprising 22 tankers (eight crude carriers, 12 product tankers and two LPG carriers) and eight dry bulk carriers (one Capesize, three Kamsarmax and four Supramax) with an average age of 10 years aggregating 2.42 mn dwt.

Last month, the company signed a contract to sell one of its two gas carriers. The vessel is scheduled for delivery to buyers in H2 2014. The company has six newbuildings on order, comprising five dry bulk carriers and one product tanker.

Source: GE Shipping

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