GE Shipping buys MR product tanker

Mumbai-based Great Eastern Shipping Company has signed a contract to buy a 47,000-dwt medium range product tanker.

The 2004-built tanker is scheduled to join the company's fleet during the second quarter of 2014.

Financial details of the deal were not disclosed.

At present, GE Shipping owns and operates a fleet of 31 ships, comprising of 22 tankers and nine dry bulk carriers, with an average age of 9.6 years aggregating 2.5m dwt.

Posted 23 May 2013

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Lee Hong Liang

Asia Correspondent

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