GE Shipping signs contract for new vessels

Great Eastern Shipping Co Ltd said the Singapore unit of its subsidiary, Greatship (India) Ltd, had signed a contract for building 2 new multi-purpose platform supply and support vessels.

The contract has been signed between Greatship Global Offshore Services Pte Ltd, Singapore and Mazagaon Dock Ltd. The multi-purpose platform supply and support vessels are of 4,600dwt. These vessels are expected to join the company's fleet in the second half of the year to March 2010. The statement also said with this order, Greatship (India) and its subsidiaries have a building order book of 16 new offshore supply vessels and one new 350 feet jack-up rig.

Read More