India’s Great Eastern Shipping Company has signed a contract to buy a secondhand supramax bulk carrier of about 56,103 dwt as part of ongoing efforts to lower the average age of its fleet. No further details have been revealed at this stage. The 2013-built vessel, which was originally constructed in Japan, is expected to join the company’s fleet in the first quarter of the 2021/2022 financial year.
Excluding this vessel, the company’s current fleet stands at 46 vessels, comprising 32 tankers, including nine crude carriers, 18 product tankers and five LPG carriers, and 14 dry bulk ships with an average age of 11.77 years totalling 3.69 million dwt. The company has also revealed that it has contracted to sell its 2006-built supramax bulk carrier, Jag Roopa, which is expected to be delivered to the buyers in the next few weeks.