GE Shipping inks contract to buy secondhand Medium Gas Carrier

The Great Eastern Shipping Company Ltd. | Shipping | Transportation & Logistics | BSE: 500620 | NSE: GESHIP

27 Mar 2018 Evaluate

Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a secondhand Medium Gas Carrier of about 36,567 cbm. The 1996 built vessel is expected to join the company’s fleet in Q1 FY19.

The company's current fleet stands at 47 vessels, comprising 32 tankers (12 crude carriers, 17 product tankers, 3 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 10.37 years aggregating 3.88 mn dwt.

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

Peers

Company Name	CMP
Shipping Corpn.India	277.10
Great Eastern Ship.	1430.60
Dredging Corporation	992.25
Seamec	1728.80
Shreeji Ship.Global	708.15
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