Deals16 Aug 2024, 09:28 pm
GREAT EASTERN SHIPPING CO.LTD. Expands Fleet with Delivery of 2013 Built Medium Range Product Tanker 'Jag Priyanka'
AI Summary
The Great Eastern Shipping Company Limited (G E Shipping) has taken delivery of a 2013 built Medium Range product tanker 'Jag Priyanka' of about 49,990 dwt. The company had contracted to buy the vessel in Q1 FY 25 and it is financed entirely from internal accruals. This acquisition expands the company’s current fleet to 43 vessels, including 29 tankers and 14 dry bulk carriers, aggregating 3.41 mn dwt. Additionally, the company had contracted to sell one MR product tanker in July 2024, which is due for delivery by Q3 FY 25.
Key Highlights
- GREAT EASTERN SHIPPING CO.LTD. expands its fleet with the delivery of a 2013 built Medium Range Product Tanker 'Jag Priyanka'
- The vessel is about 49,990 dwt and is financed entirely from internal accruals
- The acquisition expands the company’s current fleet to 43 vessels, including 29 tankers and 14 dry bulk carriers, aggregating 3.41 mn dwt
- The company had contracted to buy the vessel in Q1 FY 25
- The company also had contracted to sell one MR product tanker in July 2024, which is due for delivery by Q3 FY 25