India’s Great Eastern Shipping has pounced for a pair of aframaxes. In a filing to the local stock exchange in Mumbai, Great Eastern said it has signed contracts to buy two 105,000 dwt ships, one built in 2011 and the other in 2012. No names of the ships have been revealed. The ships will join Great Eastern’s fleet in the final quarter of 2017.
Great Eastern has been active buying tonnage across a range of sectors this year, including two capesizes, a supramax, a product tanker and a VLGC pushing its fleet close to the 40 mark.