Great Eastern Shipping buys LR2 product tanker from NYK Line

India’s Great Eastern Shipping Company has announced that it has signed contracts to buy a 2012-built LR2 product tanker.

Great Eastern said the South Korean vessel is expected to be delivered before the end of the year.

Seasure Shipbroking has identified the vessel as NYK Line’s Hyundai-built Champion Princess, with the deal priced at $26.5m.

Great Eastern currently has a fleet of 46 vessels, made up of 28 tankers, five LPG carriers and 13 bulkers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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