GE Shipping to induct 2 more Cosco carriers

New Delhi, Dec 13 (UNI) Great Eastern Shipping Company Ltd (GE Shipping) today said it has signed a contract with Cosco (Zhoushan) Shipyard Co Ltd for two more building Supramax Dry Bulk Carriers.

These vessels of about 57,000 dwt each are expected to join the company's fleet during the first and second quarters of the financial year 2010-11 respectively.

Sensing sustainable growth in the dry bulk trade in the medium term, GE Shipping last month had contracted two new building Supramax dry bulk carriers of similar specifications as above with Cosco (Zhoushan) Shipyard Co Ltd. These vessels will join the company's fleet in the last quarter of FY2009-10.

With this contract, the company's new building order book comprises 10 vessels aggregating 0.69 million dwt.

UNI