G E Shipping contracts to sell its single hull VLCC

The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell its single hull Very Large Crude Carrier (VLCC) ‘Ardeshir H Bhiwandiwalla’. The 1992 built – 2,65,955 dwt VLCC was acquired in June 2004. The ship is scheduled to be delivered to the buyers during the third quarter of FY 2007-08.