GE Shipping rises on inking contract to sell a Capesize Bulk Carrier

16 Feb 2015

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 352.60, up by 1.30 points or 0.37% from its previous closing of Rs. 351.30 on the BSE.

The scrip opened at Rs. 354.00 and has touched a high and low of Rs. 357.70 and Rs. 352.60 respectively. So far 4220 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 467.00 on 16-Sep-2014 and a 52 week low of Rs. 286.00 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs. 357.70 and Rs. 335.80 respectively. The current market cap of the company is Rs. 5352.59 crore.

The promoters holding in the company stood at 30.45% while Institutions and Non-Institutions held 40.65% and 28.69% respectively.

Great Eastern Shipping Company has signed a contract to sell, a 1996-built Capesize Dry Bulk Carrier ‘Jag Aijun’ (164,796 dwt). The vessel will be delivered to the buyers during the Q4 2014-15.

The company’s current fleet stands at 30 vessels, comprising 21 tankers (8 crude carriers, 12 product tankers, 1 LPG carriers) and 9 dry bulk carriers (1 Capesize, 3 Kamsarmax, 5 Supramax) with an average age of 10 years aggregating 2.42 mn dwt. The current order book comprises 5 bulk carriers and 1 product tanker.

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

307.60 -15.00 (-4.65%) Mar 05, 18:59
1 Year Price Chart
Peers
Company Name CMP
Shipping Corpn. 129.00
GE Shipping 307.60
Dredging Corp 405.40
Shreyas Shipping 81.95
Essar Shipping 9.63
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Sensex vs GE Shipping
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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