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GE Shipping inks contract to buy VLGC of about 49,700 dwt

03 Jul 2012 Evaluate

The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy very large gas carrier (VLGC) of about 49,700 dwt (75,000 cbm). The 1990 built vessel is expected to join the company’s fleet during Q2 FY2013.

The company’s current fleet stands at 32 vessels, comprising 22 tankers (9 crude carriers, 13 product carriers) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.7 years aggregating 2.55 million dwt.

GE 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). 

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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