Great Eastern Shipping Company contracts to acquire Medium Range product tanker

Great Eastern Shipping Company has contracted to buy a Medium Range product tanker of about 49,999 dwt on 14 February 2024. The 2010 built vessel is expected to join the Company's fleet by Q1 FY25.

The Company's current fleet stands at 42 vessels, comprising 28 tankers (6 crude carriers, 18 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.36 mn dwt. The Company's current capacity utilization is close to 100%.

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