India’s Great Eastern Shipping Sells MR Tanker

Jag Pradip MR Tanker GE Shipping
Jag Pradip, image courtesy Great Eastern Shipping

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Pradip”, a Medium Range (MR) product carrier. The 1996 built vessel of about 45,600 WWT will be delivered to the buyers in Q1 FY2013.

G E Shipping is India’s largest private sector shipping company with a fleet 34 vessels, including 24 tankers (9 crude carriers, 14 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.9 years aggregating 2.62 million DWT.

Neither the value of the deal, nor the buyer, were disclosed.

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