Indian carrier to add Supramax bulk carrier

Indian carrier to add Supramax bulk carrier    Indian carrier Great Eastern Shipping Co. Ltd. on Wednesday said it has contracted to buy a modern Supramax dry bulk carrier.
   “The 2001-built ship of about 52,179 dwt is expected to join the company’s fleet during the third quarter of fiscal 2007-2008,” the shipping and offshore service provider said in a filing to the Bombay Stock Exchange.
   GE Shipping planned to purchase this ship to consolidate its dry bulk segment and to participate in the increasing opportunities arising out of strong global commodity demand, the Economic Times reported today. The company operates a fleet of 46 ships with an average age of 12.2 years and with totally capacity of 3.22 million deadweight tons. The company's order includes five product tankers to be delivered in the next two years, and the company has also contracted to buy two second-hand, modern double-hull Suezmax crude carriers, both to be delivered in the second quarter of fiscal year 2007-2008.