Mumbai: India's Great Eastern Shipping (GE Shipping) took delivery of a second hand 147,092dwt Suezmax tanker 'Jag Lateef' yesterday. The 2000-built double hull vessel, ordered by the company in July, is the first of two Suezmax tankers scheduled for delivery by the third quarter of 2008.
The past year has seen the company divest itself of any single hulled tonnage, most recently with a contract for the sale of its Korean built 107,592dwt Aframax tanker - Jag Leher (pictured) to an un-named buyer last week.
With the addition of 'Jag Lateef', GE Shipping's fleet has increased to 47 vessels consisting of 14 crude oil carriers, 19 product carriers, two LPG carriers and 12 drybulk carriers. The fleet boasts an average age of 12 years for its combined tonnage of 3.36m dwt.
GE Shipping's current new building order book comprises of five product tankers (one Medium Range and four Long Range), which will boost fleet tonnage by 330,000dwt. [19/09/07]
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