Great Eastern Shipping to buy Gas Carrier

Posted by Daily Shipping Times on 28-03-2018        Tweet

MUMBAI: Great Eastern Shipping Company Limited (G E Shipping) has decided to expand its fleet with a secondhand medium gas carrier.

The company signed a contract with an undisclosed seller to buy the 36,567 cbm ship.

As informed, the 1996-built vessel is expected to join G E Shipping’s fleet in Q1 FY19.

In September 2017, the company also acquired a secondhand medium gas carrier Gas Columbia that was renamed Jag Vijaya.

What is more, Great Eastern bought earlier this month a very large gas carrier, British Councillor, according to data provided by VesselsValue.

The company’s current fleet stands at 47 vessels, comprising 32 tankers and 15 dry bulk carriers with an average age of 10.37 years aggregating 3.88 million dwt.