G E Shipping contracts to sell Handysize dry bulk carrier.

Mumbai, November 25, 2008

The Great Eastern Shipping Co Ltd. (G E Shipping) has contracted to sell its Handysize dry bulk carrier “Jag Vidya”. The 1977 built, 27,451 dwt vessel will be delivered to the buyers in November 2008.

The Company has a new building order book of 13 vessels aggregating 1.1mn dwt (3 LRI product tankers aggregating 0.23 Mn dwt, 2 Suezmax crude carriers aggregating 0.32 mn dwt & 8 dry bulk carriers aggregating 0.55 mn dwt).

G E Shipping contracts to sell a dry bulk carrier.

Mumbai, November 24, 2008

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Rishi”, a Handymax dry bulk carrier. The 1984 built, 41,093 dwt vessel will be delivered to the buyers in December 2008.

The Company’s current fleet stands at 42 vessels, comprising 31 tankers (12 crude carriers, 17 product tankers, 2 LPG carriers) and 11 dry bulk carriers with an average age of 10.4 years aggregating 2.92 mn dwt.

Great Eastern Shipping Co Ltd. (G E Shipping)