GE Shipping orders three kamsarmaxes from Yangzijiang

The ships will be built at Jiangsu New Yangzi Shipbuilding. The contracted ships, of about 82,000 dwt each, will be built according to the new eco-design features which will result in greater fuel efficiency and be in compliance with Energy Efficiency Design Index (EEDI) requirements, GE Shipping said.

The three newbuildings are expected to join the GE Shipping's fleet in the second quarter and third quarter of 2016.

The Mumbai-based company also has on order three other newbuilding vessels of which one is an MR product tanker and two kamsarmaxes.

GE Shipping's current fleet stands at 30 vessels, comprising 22 tankers and eight dry bulk carriers with an average age of nine years aggregating 2.42m dwt.