Indian State Oil Refiners Look To Boost Domestic Shipping

By Nidhi Verma (Reuters) - Two of India’s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates. India’s Ministry of Shipping asked the refiners to issue long-term crude … [Read more...]

Great Eastern Shipping Orders Trio from Yangzijiang Shipbuilding

India's largest non-state owned shipping firm, Great Eastern Shipping Company Ltd, announced plans today to expand their dry bulk fleet with an order to build three Kamsarmax dry bulk carriers. The order was place with China's Jiangsu Yangzijiang Shipbuilding Group and includes three 82,000 dwt "eco designed" bulkers. Great Eastern Shipping notes deliveries of the vessels … [Read more...]

Great Eastern Takes Delivery of MR Tanker

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2005 built Medium Range (MR) product tanker “Jag Pranav” (about 51,300 dwt). With the induction of “Jag Pranav”, the Company’s fleet stands at 30 vessels, comprising 22 tankers (8 crude carriers, 13 product tankers, 1 LPG carrier) and 8 dry bulk carriers (1 Capesize, 3 … [Read more...]

Great Eastern Shipping Buys VLGC

The Great Eastern Shipping Company Limited (G E Shipping) has signed contract to buy a Very Large Gas Carrier (VLGC) of about 49,300 dwt (73,800 cbm). The 1994-built vessel is expected to join their fleet during the first half of FY 2015. G E Shipping's current fleet stands at 28 vessels, comprising 20 tankers (8 crude carriers, 11 product carriers, 1 LPG carrier) and 8 dry … [Read more...]

Great Eastern Shipping Takes Delivery of the Jag Vidhi Gas Carrier

The Great Eastern Shipping Company Ltd. took delivery of a 1990 built Very Large Gas Carrier (VLGC) “Jag Vidhi” [about 49,700 dwt (75,000 cbm)]. With the induction of “Jag Vidhi”, Great Eastern's fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 … [Read more...]