Greatship offloads AHTS

Greatship offloads AHTS

Singapore: Indian shipping company Great Eastern Shipping has announced that its wholly owned subsidiary, Greatship, has sold and delivered anchor handling tug supply vessel Greatship Akhila (7,080 bhp, built 2009) to unnamed buyers.

With the delivery of this vessel to the buyers, Greatship and its subsidiaries currently owns and operates five PSVs, eight AHTS and four jack-up rigs.

“Low crude oil prices have impacted the performance of our offshore business in the January to March quarter of the last fiscal year, and they continue to affect the ongoing quarter,” Greatship’s managing director Ravi Sheth recently told Splash. “If oil prices continue to be this low, we may witness a bloodbath in the offshore sector.”

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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