Great Eastern Shipping Company (G E Shipping) has signed a contract to buy medium range product tanker of about 51,000 dwt. The 2008 built vessel is expected to join the company’s fleet in Q1 FY18.
The company's current fleet stands at 44 vessels, comprising 29 tankers (12 crude carriers, 15 product tankers, 2 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 9.53 years aggregating 3.69 mn dwt.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.