Great Eastern adds newbuild suezmax to fleet renewal drive

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India's Great Eastern Shipping has contracted to buy a newbuild 157,000-deadweight-ton Suezmax tanker from an unnamed shipbuilder in the Far East. The purchase is part of the Mumbai-listed company's fleet renewal program, which has largely involved secondhand vessels so far.

India’s Great Eastern Shipping has contracted to acquire a 157,000 dwt newbuilding suezmax, adding a yard-built ship to a fleet renewal drive that has so far been dominated by secondhand transactions. The Mumbai-listed owner disclosed the deal late on Monday, saying the tanker will be constructed by an unnamed leading shipbuilder in the Far East …