Great Eastern Shipping Company (G E Shipping) has signed a contract to buy a secondhand Midsize Gas Carrier of about 35,188 cbm. The 2006 Korean built vessel is expected to join the company’s fleet in Q1 FY 2021-22.
The company’s current fleet stands at 45 vessels, comprising 32 tankers (9 crude carriers, 18 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 11.86 years aggregating 3.64 mn dwt. The company has previously contracted to buy a 2013 built Japanese Supramax Bulk Carrier which is expected to be delivered in Q1 FY 2021-22.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.