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December 04, 2008


GE Shipping to buy 2 more dry bulk carriers from SPP

Exim News Service reported that Great Eastern Shipping Company Limited has signed a contract with Korea’s SPP Shipbuilding Company Limited for 2 Kamsarmax dry bulk carriers. These vessels, of approximately 81,000 DWT, will join the company’s fleet in the first quarter of 2011-12.

GE Shipping had earlier placed orders for 4 Supramax and 2 Kamsarmax dry bulk carriers in line with its view to enhance tonnage and participate in the increasing opportunities in the dry bulk commodities trade. All these vessels are expected to join the company’s fleet between 2010 and 2012.

With this contract, its order book comprises 12 vessels, aggregating 0.85 million DWT with 4 LR1 product tankers, aggregating 0.30 million DWT and 8 dry bulk carriers aggregating 0.55 million DWT.