G E Shipping contracts to buy a secondhand long range 2 Product Carrier

Oct 15 2020

The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a secondhand LR2 Product Carrier of about 105,258 dwt.

The 2012 South Korean built vessel is expected to join the Company’s fleet in Q3 FY21.


The Company’s current fleet stands at 46 vessels, comprising 33 tankers (11 crude carriers, 17 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 12.39 years aggregating 3.70 mn dwt. The company has already contracted to sell its 1996 built Very Large Gas Carrier Jag Vidhi which will be delivered to buyers in Q3 FY21.The company has also contracted to buy a Very Large Gas Carrier which is expected to be delivered in Q3FY21.

Related News

Nordic American Tankers Ltd – Report for the 3rd quarter

(Nov 19 2020)

2020 as a whole is expected to be a very good year for NAT.

Largest VLEC ever constructed delivered on time and built to ABS Class

(Nov 19 2020)

First of 12 Vessels Ordered to Service Trade Between U.S. and China.

Kongsberg Maritime signs over NOK 400 million in Shuttle Tanker orders during 2020

(Nov 19 2020)

Kongsberg Maritime has revealed that during 2020 it won contracts for 12 of its highly advanced Shuttle Tanker concepts, with a value totalling over NOK 400 million.

LNG dual-fuel orders overtake LNG-ready

(Nov 19 2020)

According to shipbroker SSY, shipowners' growing confidence in LNG as a bunker fuel has pushed them towards ordering new dual-fuelled vessels rather than LNG-ready ones.

The Swedish Club and Hill Dickinson join to deliver sanctions advice

(Nov 19 2020)

The impact on a company of breaking sanctions, or even being perceived to have broken sanctions, is often severe and can put the company out of business, effectively shutting it out of the financial markets.

Nov-Dec 2020

Shipping post COVID - practicality of decarbonisation - Hafnia and vessel performance