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Great Eastern Shipping Company inks contract to sell ‘Jag Pradip’

04 May 2012 Evaluate

The Great Eastern Shipping Company has signed a contract to sell ‘Jag Pradip’, a medium range product carrier. The 1996 built vessel of about 45,600 dwt will be delivered to the buyers in Q1FY2013.The company’s current fleet stands at 34 vessels, comprising of 24 tankers (9 crude carriers, 14 products tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 handymax) with an average age of 8.9 years aggregating 2.62 mn Dwt.

Great Eastern Shipping Company (G E Shipping) is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore. The shipping business includes transportation of crude oil, petroleum products, gas and dry bulk commodities, while the offshore business caters to the oil companies in carrying out offshore exploration and production activities, through its wholly owned subsidiary Greatship (India). The shipping business of the company has been awarded the ISO 9001: 2000 standard certification by DNV.

GE Shipping Share Price

1536.35 -41.95 (-2.66%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 318.65
GE Shipping 1536.35
Dredging Corp 946.15
Seamec 1583.70
Shreeji Ship.Global 425.70
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