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GE Shipping contracts to buy a Secondhand LR2 Product Carrier

03 Aug 2017 Evaluate

Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a secondhand Long Range 2 (LR2) Product Carrier of about 105,000 dwt. The 2009 built vessel is expected to join the company’s fleet in Q2/Q3 FY18.

The company’s current fleet stood at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.76 years aggregating 3.80 mn dwt.

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

1422.75 -2.55 (-0.18%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 300.30
GE Shipping 1422.75
Dredging Corp 1003.20
Seamec 1557.75
Shreeji Ship.Global 373.25
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