Great Eastern Shipping to places order for three vessels.

Great Eastern Shipping ( GE Shipping) said it has placed orders for buying three vessels with a Chinese firm, which are expected to join the company's fleet by 2016.

'G E Shipping has placed an order for building 3 new kamsarmax dry bulk carriers with the Jingasu Yangzijiang Shipbuilding Company, China...The 3 vessels are expected to join the company's fleet in second quarter and third quarter of calendar year 2016,' the company said in a statement.

ET