GE Shipping inks a contract to sell its newly built Kamsarmax Dry Bulk Carrier, Jag Aakash and it would be delivered to the company by September.
Great Eastern Shipping Company Ltd., (GE Shipping) based at Mumbai has signed a contract to sell its new-build bulker Kamsarmax Dry Bulk Carrier. The vessel is 81,600 dwt built by Tsuneishi Heavy Industries (Cebu) Inc. in the Philippines. The delivery of bulker Jag Aakash to GE Shipping is expected to be between the end of August and the beginning of September 2015. Afterwards, it would be delivered by the company to the new buyers.
GE Shipping is India’s largest private sector shipping company with a mission to create value for its customers. It is having an experience and expertise spanning over 6 decades with a global reputation. The company involves in two main business of shipping and offshore. The shipping business focuses on the transportation of crude oil, petroleum products and dry bulk commodities. The offshore business consists of helping oil companies to carry out their offshore exploration and production activities. The company is also awarded the ISO 9001: 2008 standard certification by DNV. The current fleet of GE Shipping consists of 30 vessels, out of which 21 are tankers (12 product tankers, 8 crude carriers, 1 LPG carrier) and 9 are dry bulk carriers (4 Kamsarmax and 5 Supramax). The vessel’s average age is 9.6 years, aggregating 2.36 million dwt.