The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a second-hand Medium Gas Carrier of about 35,420 cbm. The 1997 built vessel is expected to join the company’s fleet in Q2 FY18.

Great Eastern Shipping contracts to buy a second hand Medium Gas Carrier
Image for illustrative purposes only - G E Shipping

The Company’s current fleet stands 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. Additionally, the company has committed to purchase second-hand hand LR2 product carrier.

Source: GE Shipping