Great Eastern Shipping today said it has placed orders with a Japanese company for building two dry bulk carriers.
“GE Shipping has placed an order for two new Kamsarmax dry bulk carries with Tsuneishi Shipbuilding company, Japan, the country’s largest private sector shipping firm said in a statement.
These vessels will be built at the Yard’s facility in Philippines, it said, without giving financial details.
“The contracted ships, of about 81,600 DWT each, will be built according to the new design features which will result in greater fuel efficiency and in compliance with energy efficiency design index requirements,” the statement said.
The vessels are expected to join the fleet in 2015-16.
The firm’s current fleet of 28 will go up to 31 by then, as it recently placed an order for a very large gas carrier.
The company scrip closed at Rs 218.90, up 1.34 per cent from the previous close on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.