The Great Eastern Shipping Company Ltd has placed an order for 1 new building Medium Range Product Tanker to be built at STX (Dalian) Shipbuilding Company Ltd, China.
The contract also gives GE Shipping the option to add more ships at a later date. The contracted ship of about 50,000 dwt, will be built according to the new eco design features which will result in greater fuel efficiency and be in compliance with Energy Efficiency Design Index requirements. The first tanker is expected to join the company's fleet during Q4 FY2015.
The company's current fleet stands at 33 vessels, comprising 23 tankers and 10 dry bulk carriers with an average age of 9 years aggregating 2.60 million dwt.
Source:
http://www.steelguru.com/indian_news/GE_Shipping_contracts_to_buy_new_building_MR_Product_Tanker/296191.html
