The Great Eastern Shipping Company Ltd. (G E Shipping) signed a contract to buy two Aframax Crude Carriers of about 105,000 dwt each. The 2011 & 2012 built vessels are expected to join the Company’s fleet by Q4 FY17.

Great Eastern Shipping signs contract to buy two Aframax Crude Carrier

The Company’s current fleet stands at 37 vessels, comprising 24 tankers (7 crude carriers, 15 product tankers, 2 LPG carrier) and 13 dry bulk carriers (1 Capesize, 7 Kamsarmax, 5 Supramax) with an average age of 8.93 years aggregating 2.88 mn dwt.

Additionally, the company has 1 Newbuilding Kamsarmax and a 2009 built Supramax on order. After delivery of these 4 contracted vessels, the company will have a fleet of 41 ships.

Source: GE Shipping