Great Eastern Shipping Company (GE Shipping) has entered into a contract to sell three VLCCs on order with Hyundai Heavy Industries, Seatrade-asia reports. The VLCCs of 318,000 dwt each will be delivered to the new unnamed buyer immediately upon delivery from the yard. The ships are scheduled to be delivered between January and April 2012. GE Shipping's current newbuilding order is reduced to three dry bulk carriers (one supramax and two kamsarmaxes). GE Shipping signed the contract to build the three VLCCs with the Korean yard back in March 2010.
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