Great Eastern Shipping Company inks contract to sell ‘Jag Pradip’

The Great Eastern Shipping Company has signed a contract to sell ‘Jag Pradip’, a medium range product carrier. The 1996 built vessel of about 45,600 dwt will be delivered to the buyers in Q1FY2013.The company’s current fleet stands at 34 vessels, comprising of 24 tankers (9 crude carriers, 14 products tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 handymax) with an average age of 8.9 years aggregating 2.62 mn Dwt.

Great Eastern Shipping Company (G E Shipping) is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore. The shipping business includes transportation of crude oil, petroleum products, gas and dry bulk commodities, while the offshore business caters to the oil companies in carrying out offshore exploration and production activities, through its wholly owned subsidiary Greatship (India). The shipping business of the company has been awarded the ISO 9001: 2000 standard certification by DNV.