Great Eastern Shipping acquires Japanese VLGC

Indian owner Great Eastern Shipping has announced the acquisition of a secondhand very large gas carrier.

The 2002 Japanese-built 77,922 cu m vessel is expected to join the company’s fleet in the third quarter of 2021.

In the meantime, the company sold its 1996-built VLGC Jag Vidhi, which will be delivered to new owners during the same period.

There are two vessels match the vessel description, Grace River owned by K Line and Yuhsan owned by JX Ocean. Earlier this year, K Line failed to sell Grace River in a deal, while Yuhsan is currently anchored in India.

Great Eastern’s current fleet stands at 46 vessels, comprising 33 tankers (11 crude carriers, 17 product tankers, 5 LPG carrier) and 13 dry bulk carriers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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