Great Eastern Shipping Company (G E Shipping) has contracted to sell its 1996 built Midsize Gas Carrier, Jag Vayu (1996 Built) of about 36,567 cbm. The vessel will be delivered to the new buyers in H1 FY 2021-22.
Including this vessel, the Company’s current fleet stands at 46 vessels, comprising 33 tankers (9 crude carriers, 18 product tankers, 6 LPG carrier) and 13 dry bulk carriers with an average age of 12.02 years aggregating 3.66 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.