Great Eastern sells older tonnage
India’s Great Eastern Shipping Company has recently delivered its 2000-built Suezmax crude carrier Jag Lateef to undisclosed buyers, having concluded a contract to sell the ship last November. Following the disposal of the ship the company’s current fleet stands at 46 vessels, including 33 tankers and 13 dry bulk carriers, with an average age of 12.24 years and an aggregate size of 3.66 million dwt.
Two other vessels, its oldest Suezmax crude oil tanker, Jag Laadki, and the 2006-built Supramax bulk carrier, Jag Roopa, have also been sold. These are expected to be delivered to their new owners in the second half of the current financial year.
Meanwhile, the company has contracted to buy a secondhand Capesize bulk carrier. This is expected to be delivered in the next few months, further strengthening its presence in this market.