rss icon Subscribe
desktop mobile

GE Shipping Buys New Vessel

Photo: The Great Eastern Shipping Co. Ltd

By Aiswarya Lakshmi

The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Supramax Dry Bulk Carrier of about 52,450 dwt.

The 2006 built vessel is expected to join the Company's fleet in Q1 FY18.
The Company's current fleet stands at 43 vessels, comprising 28 tankers (11 crude carriers, 15 product tankers, 2 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 9.56 years aggregating 3.54 mn dwt.
The company has also committed to purchase 1 Secondhand Suezmax Crude Carrier.
The Great Eastern Shipping Company Limited is engaged in the business of providing shipping services. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities.
Its offshore business services the oil companies in carrying out offshore exploration and production activities.

Mar 18, 2017

 

Bulk Carrier Trends

Safe Bulkers Reports 2Q Loss, Buys Newbuild

Photo: Safe Bulkers

Safe Bulkers has reported a loss of $1.6 million in its second quarter ended June 30

Baltic Index Falls as Capesize Rates Sag

File Image (CREDIT: AdobeStock / (c) Lukasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

Newbuild Orders Drop during H1 2017

© Nightman1965 / Adobe Stock photo

Newbuild orders for tankers and bulkers have increased during the first half of 2017

Contracts

Oil Rebounds on Impact of U.S. Crude Drawdown

File Image (CREDIT: AdobeStock / (c) Leeylutung)

U.S. crude stocks drop 7.2 million barrels in week - EIA.   Oil prices rose to near eight-week

Baltic Index Falls as Capesize Rates Sag

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday as rates for larger vessels dropped.

France to Nationalize STX if Italy Deal Fails

File Image (CREDIT: AdobeStock / (c) Burnel11)

French govt has made 50/50 ownership offer to Italy; Minister says offer on the table until

Maritime Apps