The Great Eastern Shipping Company (GE Shipping) has signed a contract to sell ‘Jag Vidhi’, a very large gas carrier. The 1990 built vessel is around 49,701 dwt will be delivered to the buyers in H2 2014-15.
Excluding ‘Jag Vidhi’, the company’s current fleet stands at 28 vessels, comprising 20 tankers (8 crude carriers, 12 product tankers) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax) with an average age of 9.5 years aggregating 2.32 million dwt.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.