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G E Shipping to sell supramax vessel

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Dry Bulk,

The Great Eastern Shipping Co. Ltd (G E Shipping) has contracted to sell its 2003-built supramax dry bulk carrier Jag Rahul of about 52 364 DWT. The vessel will be delivered to the new buyer in Q4 FY 2017 – 2018.

The company’s current fleet (including Jag Rahul) stands at 48 vessels, comprising 32 tankers (12 crude carriers, 17 product tankers, three LPG carrier) and 16 dry bulk carriers (one capesize, eight kamsarmax, seven supramax) with an average age of 10.24 years aggregating 3.93 million DWT.

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