GE Shipping Takes Delivery of a New Building Resale Kamsarmax
Great Eastern Shipping Company (GE Shipping) took delivery of a new building resale Kamsarmax Dry Bulk Carrier ‘Jag Aalok’ of about 82023 dwt.
According to a report in the Livement, the company had contracted to buy the ship in April 2016. The vessel has been built at Jiangsu New Yangzi shipbuilding Co. Ltd., P.R. China.
With the inclusion of this vessel, the Company’s current fleet stands at 35 vessels, comprising 23 tankers (7 crude carriers, 14 product tankers, 2 LPG carrier) and 12 dry bulk carriers (1 Capesize, 6 Kamsarmax, 5 Supramax) with an average age of 9.35 years aggregating 2.75 mn dwt.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.
The promoters holding in the company stood at 30.41 % while Institutions and Non-Institutions held 42.15 % and 27.16 % respectively.
