GE Shipping to purchase five year old capesize dry bulk carrier

By Vessels

The Great Eastern Shipping Company (GE Shipping) has signed an MOA to purchase a second hand capesize dry bulk carrier (2011 built) of about 179,250 dwt.

The ship, built at Hyundai Heavy Industries, is likely to join the company’s fleet in Q2 of FY17.

GE Shipping to purchase five year old capesize dry bulk carrier

The company’s current fleet stands at 32 vessels, comprising 23 tankers (7 crude carriers, 14 product tankers, 2 LPG carrier) and 9 dry bulk carriers (4 Kamsarmax, 5 Supramax) with an average age of 10.3 years aggregating 2.4 mn dwt.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

Source: GE Shipping