Deals29 Mar 2024, 02:04 am
The Great Eastern Shipping Company Limited Announces Purchase of Two Medium Range Product Tankers
AI Summary
The Great Eastern Shipping Company Limited has announced the purchase of two Medium Range product tankers, each about 51,486 dwt, with the first expected to join the fleet in Q1 FY25. Current fleet capacity is at 100%, and both vessels will be financed from internal accruals. This acquisition is for modernization and expansion.
Key Highlights
- The Great Eastern Shipping Company Limited (G E Shipping) purchased two Medium Range product tankers
- First tanker expected to join fleet by Q1 FY25
- Both tankers to be financed entirely from internal accruals
- Current fleet stands at 42 vessels, 3.36 mn dwt
- Expansion and modernization of the fleet