India’s Great Eastern Shipping has tapped into the secondhand market with a deal that helps renew its VLGC fleet.
Sale-and-purchase brokers said the Mumbai-based company has acquired the 79,514-cbm gas carrier Grace River (built 2003) from K Line for $34m.
They added that Great Eastern has bought the Kawasaki Heavy Industries-built LPG carrier to replace the 78,503-cbm Jag Vidhi (built 1996), which it recently sold.
