India’s Great Eastern Shipping (GES) has torn up a deal for a bulker newbuilding, but has bought two resales.

It said the cancelled kamsarmax was ordered in its 2013/14 financial year and is due for delivery in 2018.

Clarksons lists the company as having three 82,000-dwt ships on order at Jiangsu New Yangzijiang Shipbuilding in China, all scheduled for handover this year.

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