GE Shipping Company have decided to:
- Buy a type of large cargo ship called a Kamsarmax Dry Bulk Carrier.
- Have received a medium-sized cargo ship called “Jag Parth,” which was built in 2008 and has a capacity of about 46,197 tons.
The company currently has 42 ships in its fleet. These include 29 tankers (which carry things like crude oil, product tankers, and LPG) and 13 dry bulk carriers (which transport things like grains and minerals), with a total capacity of 3.33 million tons.
Company used their own profits (internal accruals) to pay for these acquisitions/expansions, and the main reason for getting it is to expand their fleet.
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