India: GE Shipping Delivers Crude Carrier JAG LAKSHYA to New Owner

The Great Eastern Shipping Company Ltd. (G E Shipping) has sold its 1989 built suezmax crude carrier “Jag Lakshya” (about 152,000 dwt). This has also been now delivered to its buyers today.

With the delivery of this vessel, the Company’s current fleet stands at 34 vessels, comprising 26 tankers (9 crude carriers, 16 product carriers, 1 LPG carrier) and 8 dry bulk carriers (1 Capesize, 2 Kamsarmax, 1 Panamax, 3 Supramax, 1 Handymax) with an average age of 8.8 years aggregating 2.55 mn dwt.

Great Eastern Shipping Company Ltd.

The company has two main business: shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services to the oil companies in carrying out offshore exploration and production activities, through its wholly owned subsidiary Greatship (India) Limited. The shipping business has been awarded the ISO 9001: 2000 standard certification by DNV.

[mappress]

Source: GEShipping, June 20, 2011