GE Shipping signed a Memorandum Of Agreement to purchase a pre-owned Capesize bulk carrier that is five-year-old of about 179,250 dwt that was built in 2011. The ship is likely to join the company's fleet in the second quarter of FY 2017. The carrier had been built at Hyundai Heavy Industries.There are currently 32 vessels in the company's fleet that comprises of 23 tankers, including seven crude carriers, 14 product tankers, and 2 LPG carriers, and nine dry bulk carriers consisting of 4 Kamsarmax and five supramax.To