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GE Shipping signs contract to acquire crude carrier

Our Bureau

Mumbai , Feb. 15

GREAT Eastern Shipping has signed a contract to buy a January-built, 1.10 lakh DWT Aframax crude carrier. The double hull tanker will join the company's fleet in the current fiscal.

The company's decision to induct this vessel is part of its programme to enhance its double hull tonnage. With the inclusion of the vessel, the company's Aframax fleet will stand at nine. The company's fleet of 72 vessels includes 40 ships of total 2.81 million DWT and 32 offshore assets. The company has eleven new building vessels on order, including five product tankers on orders, with deliveries spread over a period of one and half years commencing March 2006.

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