The Great Eastern Shipping Company (GE Shipping) has delivered its 1996-built Capesize Dry Bulk Carrier ‘Jag Arjun’ weighing 164,796 dwt to the buyers on February 26, 2015. The company had contracted to sell the ship earlier this month.
With the delivery of this vessel, the company’s current fleet stands at 29 vessels, comprising 21 tankers (8 crude carriers, 12 product tankers, 1 LPG carrier) and 8 dry bulk carriers (3 Kamsarmax, 5 Supramax) with an average age of 9.9 years aggregating 2.2/ million dwt. The current orderbook comprises 5 bulk carriers and 1 product tanker.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.
