Tag: dwt
GENERAL India Eyes Global Hub Status In Ship Ownership, Maritime Finance

India is charting a course to become a global hub for ship ownership, leasing and maritime finance, with GIFT City emerging as a key centre for developing a comprehensive maritime value-chain ecosystem, Union Shipping Minister Sarbananda Sonowal said. Addressing the India Ship Leasing and Financing Summit in Gandhinagar, he said the initiative marked a significant […]

CW Bureau · Sep 10, 2026
INFRASTRUCTURE GE Shipping Sells Tanker Jag Prakash, Contracts Two New Vessels

The Great Eastern Shipping Company Ltd (GE Shipping), India’s largest shipping and oilfield services provider, has contracted to sell its 2007-built Medium Range Tanker Jag Prakash of about 47,848 deadweight tonnage (dwt) to an unaffiliated third party. Fleet Standing The vessel will be delivered to the new buyer in Q1 FY27. Including Jag Prakash, the […]

CW Bureau · Apr 6, 2026