G E Shipping Inks Contract to Buy Supramax Bulker

Illustration; Image Courtesy: G E Shipping

Mumbai-based Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to buy a Supramax dry bulk carrier from an unnamed shipowner.

The 58,000 vessel, which was built in 2009, is expected to join the company’s fleet in the third quarter of the 2017 financial year.

In August 2016, the company took delivery of a newbuilding resale Kamsarmax dry bulk carrier Jag Akshay. Featuring 82,044 dwt, the vessel was built by China’s Jiangsu New Yangzi Shipbuilding.

G E Shipping’s fleet is currently comprised of 37 vessels, including 24 tankers and 13 dry bulk carriers, with an average age of 8.9 years.

Market value of the company’s current fleet stands at USD 622.3 million, according to data provided by VesselsValue.

Additionally, the company has 1 newbuilding Kamsarmax on order.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >