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GE Shipping has informed the Bombay Stock Exchange (BSE) that it has signed a contract for acquiring a 1,52,485 deadweight tonne Suexmax crude carrier.

The vessel, built in 1989, will join the company's fleet by the end of this month. Earlier this month, the company had signed a contract for a second-hand Aframax crude carrier.

With the addition of Suezmax and Aframax to its fleet, the company's crude tanker tonnage will record a growth of 288 per cent, post March 31, 2003.