GE Shipping inks contract to buy Supramax Bulk Carrier

06 Sep 2014

The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a Supramax Bulk Carrier of about 52,454 dwt. The 2006 built vessel is expected to join the company’s fleet in September-October 2014.

The company’s current fleet stands at 30 vessels, comprising 22 tankers (8 crude carriers, 12 product tankers, 2 LPG carriers) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax) with an average age of 10 years aggregating 2.42 mn dwt.

Last month, the company contracted to sell a General Purpose product tanker which will be delivered to the buyers in September-October 2014. In July 2014, 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 6 new buildings on order, comprising 5 dry bulk carriers and 1 product tanker.

Related The Great Eastern Shipping Company Ltd. Links:

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390.10 45.60 (13.24%) May 06, 15:21
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