Great Eastern pounces for suezmax pair

India’s Great Eastern Shipping has emerged as the buyer of two 14-year-old, 159,000 dwt suezmaxes, the Cape Bari and the Cape Bastia. The two ships were previously owned by Konig & Cie and fetched a price of $23m each, according to Advanced Shipping & Trading.

Chatter about the ships started in July when they were linked to Bob Burke’s Ridgebury Tankers at $19m each.

The last purchase done by Great Eastern was last year when it acquired a 2007-built very large gas carrier from BP. Great Eastern’s current fleet stands at 47 vessels, comprising 32 tankers and 15 dry bulk carriers.