GE Shipping takes delivery of Suezmax Tanker

GE Shipping takes delivery of Suezmax Tanker

Great Eastern Shipping Company (GE Shipping) received delivery of 147,000 dwt, 2000 built modern double hull Suezmax Tanker. Now named `Jag Lakshita`, the vessel was contracted in June 2007.

 

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The logic behind the purchase of a modern double hull Suezmax Tanke r is to increase and modernize the crude tanker fleet. In line with this view, the company took delivery of another modern double hull Suezmax Tanker `Jag Lateef` last week.

 

With the induction of `Jag Lakshita`, the company`s current fleet now stands at 48 vessels (15 crude carriers, 19 product carriers, 2 LPG carriers and 12 drybulk carriers) with an average age of 11.8 years aggregating 3.51 mn dwt.


Shares of the company declined Rs 6.05, or 1.78%, to trade at Rs 334. The total volume of shares traded was 107,771 at the BSE.(3.27 pm ,Tuesday)

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