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Tuesday, Mar 28, 2006


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GE Shipping acquires new OSV

Our Bureau

Mumbai, March 27

The Great Eastern Shipping Company on Monday took delivery of a newly built OSV named `Malaviya Twenty Five' from Bharati Shipyard Ltd.

With this, the company's fleet strength now stands at 73 vessels — 40 ships and 33 offshore assets. The company has also signed a new building contract with Bharati Shipyard Ltd for a 140 T bollard pull anchor handling tug supply vessel with delivery expected by mid-2007. Apart from these, a modern Aframax crude carrier is due to join the company's fleet this month, the company said in a release. The company has also signed a contract with STX Shipbuilding Company Ltd, Korea for construction of 2 Long Range One (LR1) Product Tankers of 74,500 dwt each.

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