The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a medium range product tanker of about 48,000 dwt. The 2005 Japanese built vessel, to be renamed ‘Jag Padma’, is expected to join the company’s fleet by January 2016.
The company's current fleet stands at 30 vessels, comprising 21 tankers (8 crude carriers, 12 product tankers, I LPG carrier) and 9 dry bulk carriers (4 Kamsarmax, 5 Supramax) with an average age of 9.6 years aggregating 2.36 mn dwt. The order book comprises 3 dry 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.
