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GE Shipping enters agreement to sell VLGC

GE Shipping enters agreement to sell VLGC
The Great Eastern Shipping (GE Shipping) has agreed to sell a 1990-built, 49,701 dwt very large gas carrier (VLGC).

The VLGC, Jag Vidhi, will be delivered to the unnamed buyer in the second half of 2014 to 2015. Financial details of the deal were not disclosed.

After the sale of Jag Vidhi, GE Shipping’s fleet would stand at 28 vessels comprising of 20 tankers and eight dry bulk carriers with an average age of 9.5 years aggregating 2.32m dwt.

TAGS: Tankers VLGC