G E Shipping sells a Product Tanker

G E Shipping has signed a contract to sell ‘Jag Padma’, the 1982 built, 47803 dead weight tonnage (dwt) ship is expected to be delivered during the current quarter.

MUMBAI: G E Shipping has signed a contract to sell ���Jag Padma���, the 1982 built, 47803 dead weight tonnage (dwt) ship is expected to be delivered during the current quarter.

The company���s existing fleet of 41 vessels comprises 32 tankers - 14 crude oil carriers, 16 product carriers, and 2 LPG carriers - and 9 drybulk carriers - 1 panamax, 5 handymax and 3 handysize--- with an average age of 13.1 years aggregating 2.96 million dwt.

The company���s current new building order book comprises 8 Product tankers - 4 Medium Range and 4 LR1 Product tankers aggregating around 0.47 million dwt.
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