Great Eastern pounces for suezmax pair

Great Eastern pounces for suezmax pair

India’s Great Eastern Shipping has emerged as the buyer of two 14-year-old, 159,000 dwt suezmaxes, the Cape Bari and the Cape Bastia. The two ships were previously owned by Konig & Cie and fetched a price of $23m each, according to Advanced Shipping & Trading.

Chatter about the ships started in July when they were linked to Bob Burke’s Ridgebury Tankers at $19m each.

The last purchase done by Great Eastern was last year when it acquired a 2007-built very large gas carrier from BP. Great Eastern’s current fleet stands at 47 vessels, comprising 32 tankers and 15 dry bulk carriers.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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