Great Eastern Shipping Company (GE Shipping) has signed contract to buy a very large gas carrier (VLGC) of about 49,900 dwt (73,800 cbm). The 1994 built vessel is expected to join the company’s fleet during H1FY2015.
The company’s current fleet stands at 28 vessels, comprising 20 tankers ( 8 crude carriers, 11 product carriers, 1LPG carrier) and 8 dry bulk carriers (1capesize, 3Kamsarmax, 4 Supramax) with an average age of 9 years aggregating 2.32 mn dwt.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.