Great Eastern Shipping Company (GE Shipping) has signed contract to sell -- Jag Viraj -- a Liquefied Petroleum gas (LPG) carrier. The 1991 built vessel of about 17,500 dwt will be delivered to the buyers in H1 FY2013.
The company’s current fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product carriers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.8 years aggregating 2.57 mn dwt.
Recently, the company delivered its 1996 built medium range (MR) product carrier 'Jag Pratap' of about 45,600 DWT to the buyers.
GE Shipping is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore. The shipping business includes transportation of crude oil, petroleum products, gas and dry bulk commodities, while the offshore business caters to the oil companies in carrying out offshore exploration and production activities, through its wholly owned subsidiary Greatship (India).
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