India-based Great Eastern Shipping (G E Shipping) is continuing with the fleet expansion as it has signed a contract to buy a secondhand LR2 product carrier.
G E Shipping has not disclosed the seller of the 105,000 dwt vessel.
As informed, the 2009-built tanker is expected to join the company’s fleet in Q2/Q3 FY2018.
In June, the company took delivery of Jag Pavitra, a secondhand medium range (MR) product tanker bought in April this year.
Currently, G E Shipping’s fleet stands at 46 vessels, comprising 30 tankers and 16 dry bulk carriers with an average age of 9.76 years aggregating 3.80 mn dwt.