Great Eastern Shipping Marches on

Great Eastern Shipping Marches on
In with old and new and out goes a UK built giant

During March of this year Mumbai-based Great Eastern Shipping took delivery of a number of newbuilds.

First to enter the fleet was the Capesize bulk carrier JAG ARJUN, and on delivery she became the largest vessel in their dry bulk fleet at 164,796 DWT.

Then followed a 1994-built Panamax bulker, named the JAG AKSHAY of 73,350 DWT. Her previous names include MARITIME KING and MARITIME OMI. She was built at the Oshima Shipyard, Japan in 1994.

Back to newbuilds next as the JAG PAYAL came into the fleet, delivered from its builders Hyundai Mipo Dockyard Co. Ltd, South Korea. She is a 37,159 DWT product tanker of 183 metres in length.

Another newbuild followed from there, this time from STX Shipbuilding of Korea who delivered to the company the JAG PRAKASH, a 47,400 DWT product tanker.

With those additions it was disposal time for their JAG LAADKI (pictured) who, the company recently announced, has been sold to new buyers. She is 145,242 DWT and was built in 1992 as the KNOCK ADOON in 1992 in a yard that one rarely sees mentioned in the shipping press these days, namely Harland & Wolff, Belfast.

With that sale and the preceeding additions to the fleet the Company’s fleet of 44 vessels now comprises 33 tankers (13 crude oil carriers, 18 product carriers, and 2 LPG carriers) and 11 drybulk carriers (1 capesize, 2 panamax, 5 handymax and 3 handysize) with an average age of 12.4 years aggregating 3.12 Mn dwt.

The Company says its current new building order book comprises 6 Product tankers (2 Medium Range and 4 LR1 Product tankers aggregating 0.38 Mn dwt)