STX inks GE Shipping product tankers

Great Eastern Shipping Company (GE Shipping), India?s largest private sector shipping firm, has ordered two 74,500 dwt LR1 Product tankers from STX Shipbuilding in Korea. GE Shipping is modernising and diversifying its fleet and the newbuildings are due for delivery during the third quarter of 2008-09.

With this order, the company’s new building order book stands at nine tankers (4 LR1 product tankers and 5 MR product tankers), with an aggregate dwt of 520,000 million, and five OSVs (4 AHTSVs and 1 PSV).