PRESS RELEASE GE Shipping contracts to buy 2 Suezmax Crude Carriers

The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax Crude Carriers of about 157,000 dwt each. The 2010 & 2011 built vessels are expected to join the Company's fleet in Q4 FY17.

The Company's current fleet stands at 38 vessels, comprising 24 tankers (7 crude carriers, 15 product tankers, 2 LPG carriers) and 14 dry bulk carriers (1 Capesize, 7 Kamsarmaxes, 6 Supramaxes) with an average age of 9.89 years aggregating 2.94 mn dwt. Additionally, the company has 2 Secondhand Aframaxes, 1 Secondhand Suezmax & 1 Newbuilding Kamsarmax on order. After delivery of these 6 contracted vessels, the company will have a fleet of 44 vessels.

Place: MUMBAI Date: January 2, 2017

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For further details, please email us at: corp_comm@greatship.com

The Great Eastern Shipping Company Limited published this content on 02 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 January 2017 12:32:07 UTC.

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