GE Shipping takes delivery of Supramax Drybulk Carrier

Posted by Daily Shipping Times on 08-05-2017        Tweet

MUMBAI: Great Eastern Shipping (G E Shipping) has taken delivery of Jag Rohan, a secondhand Supramax dry bulk carrier, from Japan’s Kambara Kisen.

G E Shipping inked a contract with Kambara Kisen to buy the 52,450 dwt vessel in March 2017.

Jag Rohan, previously known as Tenshou Maru, was purchased for USD 9 million, VesselsValue’s data shows.

Market value of the bulker, which was built at Tsuneishi Cebu shipyard in the Philippines in 2006, currently stands at USD 9.98 million, according to the information provided by VesselsValue.

Following the sale, G E Shipping’s current fleet stands at 45 vessels, comprising 29 tankers and 16 dry bulkers with an average age of 9.52 years and an aggregate tonnage of 3.75 million dwt. The company has also signed a contract to acquire a secondhand medium range (MR) product tanker.