India's Great Eastern Shipping Co Ltd, which owns 33 ships, has earmarked about $573 million to buy 8 vessels with a total capacity of 1.31 million DWT, according to a company presentation obtained by Reuters.
At present, the company has 27 tankers and 6 dry bulk carriers, aggregating to 2.52 million deadweight tonnes (DWT). On Monday, it had sold a 1987-built Aframax crude carrier to undisclosed buyers.
According to the presentation, the company's average age of vessels is 9.7 years. Of $573 million, GE Shipping has already paid $207 million through stage payments, it said.
At present, the company has 27 tankers and 6 dry bulk carriers, aggregating to 2.52 million deadweight tonnes (DWT). On Monday, it had sold a 1987-built Aframax crude carrier to undisclosed buyers.
According to the presentation, the company's average age of vessels is 9.7 years. Of $573 million, GE Shipping has already paid $207 million through stage payments, it said.