GE Shipping firms up on inking pact for selling ‘Jag Padma’ MR product tanker

02 May 2014

The Great Eastern Shipping Company is currently trading at Rs. 339.00, up by 4.30 points or 1.28 % from its previous closing of Rs. 334.70 on the BSE.

The scrip opened at Rs. 337.00 and has touched a high and low of Rs. 340.00 and Rs. 335.00 respectively. So far 4743 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.70 on 22-Apr-2014 and a 52 week low of Rs. 199.25 on 24-Jun-2013.

Last one week high and low of the scrip stood at Rs. 350.00 and Rs. 326.75 respectively. The current market cap of the company is Rs. 5121.14 crore.

The promoters holding in the company stood at 30.50 % while Institutions and Non-Institutions held 39.84 % and 29.45 % respectively.

The Great Eastern Shipping Company (G E Shipping) has signed a contract to sell ‘Jag Padma’, a Medium Range (MR) product tanker. The 1996 built vessel of about 47,172 dwt will be delivered to the buyers in May 2014.

Including ‘Jag Padma’, the Company's current fleet stands at 30 vessels, comprising 22 tankers (8 crude carriers, 13 product carriers, 1 LPG carrier) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax and 4 Supramax) with an average age of 10 years aggregating 2.42 mn dwt.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

Related The Great Eastern Shipping Company Ltd. Links:

GE Shipping Share Price

334.55 27.05 (8.80%) Mar 02, 18:59
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SEBI Registered: Investment Adviser - INA000013323