GE Shipping Contracts to Buy 2 Suezmax Crude Carriers

Maritime Activity Reports, Inc.

January 2, 2017

 The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax crude Carriers of about 157,000dwt each. The 2010 and 2011 built vessels are expected to join the company's fleet in Q4 FY17. 

 
Last week, the company had inked a pact to buy another Suezmax Crude Carrier of about 1,50,000 dwt. 
 
The Company’s current fleet stands at 38 vessels, comprising 24 tankers (7 crude carriers, 15 product tankers, 2 LPG carriers) and 14 dry bulk carriers (1 Capesize, 7 Kamsarmaxes, 6 Supramaxes) with an average age of 9.89 years aggregating 2.94 mn dwt. 
 
Additionally, the company has 2 Secondhand Aframaxes, 1 Secondhand Suezmax & 1 Newbuilding Kamsarmax on order. After delivery of these 6 contracted vessels, the company will have a fleet of 44 vessels.
 
Based in Mumbai, GE Shipping Company transports crude oil, petroleum products, gas, dry bulk commodities in India and internationally.
 
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