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GE Shipping contracts to buy a Secondhand LR2 Product Carrier

03 Aug 2017

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.

Related The Great Eastern Shipping Company Ltd. Links:

GE Shipping Share Price

404.20 -6.40 (-1.56%) Jun 17, 18:01
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Peers
Company Name CMP
Shipping Corpn. 112.35
GE Shipping 404.20
Dredging Corp 407.35
Shreyas Shipping 184.90
Essar Shipping 11.79
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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