GE Shipping signs contract to buy secondhand Supramax Bulk Carrier

04 Mar 2021

Great Eastern Shipping Company (G E Shipping) has signed a contract to buy a secondhand Supramax Bulk Carrier of about 56,103 dwt. The 2013 Japanese built vessel is expected to join the company's fleet in Q1 FY22.

Excluding this vessel, the company's current fleet stands at 46 vessels, comprising 32 tankers (9 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers with an average age of 11.77 years aggregating 3.69 mn dwt. The company has contracted to sell its 2006 built Supramax Bulk Carrier ;Jag Roopa’ which is expected to be delivered to the buyers in Q4 FY2020-21.

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

381.45 -6.75 (-1.74%) May 07, 18:03
1 Year Price Chart
Peers
Company Name CMP
Shipping Corpn. 115.75
GE Shipping 381.45
Dredging Corp 381.35
Shreyas Shipping 102.20
Essar Shipping 10.31
View more..
Sensex vs GE Shipping
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback