The Great Eastern Shipping Company Limited (GE Shipping) signed a contract to buy a Medium Range Product Tanker of about 51,000 dwt.

The 2008 built vessel is expected to join the Company’s fleet in Q1 FY18.

Great Eastern Shipping contracts to buy a Secondhand Medium Range Product Tanker

The Company’s current fleet stands at 44 vessels, comprising 29 tankers (12 crude carriers, 15 product tankers, 2 LPG carriers) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmaxes, 6 Supramaxes) with an average age of 9.53 years aggregating 3.69 mn dwt.

Additionally, the company has 1 Secondhand Supramax on order. After delivery of these 2 contracted vessels, the company will have a fleet of 46 vessels.

Source: GE Shipping