Great Eastern ready to enter third party ship management

- By Nithya Solomon June 10, 2020
Mumbai

Image

The Great Eastern Shipping is venturing into third- party ship management and chartering services. The company’s board has approved a proposal of these new ventures.

Commenting about this G. Shivakumar, Chief Financial Officer , The Great Eastern Shipping said that “ There seems to be a need for this and therefore we set it up” The Company said that the promoter or promoter group members are not a part of these new ventures.

The company runs a fleet of 69 ships, and employs around 1,000 seafarers. Currently Indian third party ship management business is dominated by foreign firms like Anglo- Eastern, Wallem and Fleet Management.