GE Shipping inks contract to buy Medium Range Product Tanker

13 Jul 2016

Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a Medium Range Product Tanker of about 48,539 dwt. The 2005 Japanese built vessel is expected to join the company’s fleet in Q2 FY17.

The company’s current fleet stands at 33 vessels, comprising 23 tankers (7 crude carriers, 14 product tankers, 2 LPG carrier) and 10 dry bulk carriers (5 Kamsarmax, 5 Supramax) with an average age of 9.97 years aggregating 2.48 mn dwt. Additionally, the company has 3 Newbuilding Kamsarmaxes and 1 secondhand Capesize Bulk Carrier on order.

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

323.00 -3.75 (-1.15%) Mar 04, 09:43
1 Year Price Chart
Company Name CMP
Shipping Corpn. 119.10
GE Shipping 323.00
Dredging Corp 417.35
Shreyas Shipping 85.20
Essar Shipping 9.59
View more..
Sensex vs GE Shipping
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323