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GE Shipping gains on inking contract to buy 2 Suezmax Crude Carrier

03 Jan 2017 Evaluate

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 371.00, up by 3.70 points or 1.01% from its previous closing of Rs. 367.30 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 375.00 and Rs. 368.55 respectively. So far 5,136 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 397.60 on 01-Nov-2016 and a 52 week low of Rs. 275.00 on 02-Mar-2016.

Last one week high and low of the scrip stood at Rs. 375.00 and Rs. 350.50 respectively. The current market cap of the company is Rs. 5,651.15 crore.

The promoters holding in the company stood at 30.49%, while Institutions and Non-Institutions held 42.49% and 27.02% respectively.

GE Shipping has signed a contract to buy 2 Suezmax Crude Carrier of about 157,000 dwt each. The 2000 and 2011 built vessel are expected to join the company's fleet in Q4 FY17.

The company's current fleet stands at 38 vessels, comprising 24 tankers (7 crude carriers, 15 product tankers, 2 LPG carriers) and 14 dry bulk carriers (1 Capesize, 7 Kamsarmaxes, 6 Supramaxes) with an average age of 9.89 years aggregating 2.94 mn dwt. Additionally, the company has 2 secondhand Aframaxes and 1 Newbuilding Kamsarmax on order. After delivery of these 6 contracted vessels, the company will have a fleet of 44 vessels.

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


GE Shipping Share Price

1425.30 44.05 (3.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
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