G E Shipping Announces Sale of Product Carrier ‘Jag Parwar’ (India)

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Parwar”, a General Purpose (GP) product carrier. The 1988 built vessel of about 29,900 dwt will be delivered to the buyers in Q1FY14.

The Company’s current fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product carriers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 10.0 years aggregating 2.60 mn dwt.

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G E Shipping, March 25, 2013