G E Shipping To Acquire Medium Gas Carrier

Published: Sep 01 2017
Deal Summary

The Great Eastern Shipping Company Limited (G E Shipping), a shipping company, signed a contract to acquire medium gas carrier.

The carrier is a 1997 built vessel and has a capacity of 35,420 cbm. The vessel is expected to join the company's fleet in the second quarter of financial year 2018.

Currently, the company’s fleet stands at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.76 years aggregating 3.80 mn dwt.

The transaction will enable G E Shipping to expand its fleet of vessels.

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