Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a secondhand Long Range 2 (LR2) Product Carrier of about 105,000 dwt. The 2009 built vessel is expected to join the company’s fleet in Q2/Q3 FY18.
The company’s current fleet stood at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.76 years aggregating 3.80 mn dwt.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.