19. New Building order placed for 2 Kamsarmax Dry Bulk Carriers - October 13, 2007.
20. G E Shipping augments its Dry Bulk fleet - acquires a modern Supramax - July 18, 2007.
21. G E Shipping contracts to buy another modern Suezmax Tanker - July 6, 2007.
22. Order for Two nos. 80 T AHTSVs placed- June 27, 2007.
23.
24. Acquiring 8 ships, which include 6 bulk carriers and 2 oil tankers, along with 13 offshore supply boats and an oil drilling rig. The project will be financed partly through internal accruals and partly through borrowings.
25. Negotiation for loan at 0.65% over Libor, but banks would provide 4.5 to 5% over Libor, which means borrowing costs come to almost 7-7.5% along with the dollar-rupee exchange risk.
26. Most of the ships are due for renewal and if GE takes over, it has to spend a lot of money. Therefore, it does not make any sense to takeover Great Offshore.