GE Shipping strengthens on inking contract to sell Panamax dry bulk carrier ‘Jag Arnav’

12 Mar 2013

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 241.00, up by 0.80 points or 0.33% from its previous closing of Rs. 240.20 on the BSE.

The scrip opened at Rs. 242.25 and has touched a high and low of Rs. 242.25 and Rs. 239.00 respectively. So far 439 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 291.50 on 19-Dec-2012 and a 52 week low of Rs. 225.00 on 01-Mar-2013.

Last one week high and low of the scrip stood at Rs. 242.25 and Rs. 227.00 respectively. The current market cap of the company is Rs. 3655.73 crore.

The promoters holding in the company stood at 29.86% while Institutions and Non-Institutions held 40.12% and 29.79% respectively.

The Great Eastern Shipping Company (GE Shipping) has signed a contract to sell ‘Jag Arnav’, a Panamax dry bulk carrier. The 1995 built vessel of about 71,000 dwt will be delivered to the buyers in H1CY2013.

The company’s current fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 10.0 years aggregating 2.60 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:

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