India’s Great Eastern Shipping Company Limited (G E Shipping) informed yesterday that the Company has signed a contract to buy a secondhand Medium Gas Carrier. 

Great Eastern Shipping to Expand its Fleet with Second-hand Medium Gas Carrier

G E Shipping did not reveal any financial details about the deal nor the name of the vessel and the seller.

The 1996 built vessel of about 36,567 cbm is expected to join the Company’s fleet in Q1 FY19. 

The Company’s current fleet stands at 47 vessels, comprising 32 tankers (12 crude carriers, 17 product tankers, 3 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 10.37 years aggregating 3.88 mn dwt.

Source: G E Shipping