GE Shipping advances on inking contract to sell Handymax dry bulk carrier ‘Jag Ravi’

15 May 2013

Great Eastern Shipping Company is currently trading at Rs 243.00, up by 0.95 points or 0.39% from its previous closing of Rs. 242.05 on the BSE.

The scrip opened at Rs. 241.00 and has touched a high and low of Rs 244.00 and Rs 241.00 respectively. So far 3490 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 204.10 on 23-Apr-2013.

Last one week high and low of the scrip stood at Rs 247.00 and Rs 229.10 respectively. The current market cap of the company is Rs 3702.19 crore.

The promoters holding in the company stood at 29.86 % while Institutions and Non-Institutions held 40.52 % and 29.40 % respectively.

The Great Eastern Shipping Company (GE Shipping) has signed a contract to sell ‘Jag Ravi’, a Handymax dry bulk carrier. The 1997 built vessel of about 45,300 dwt will be delivered to the buyers in Q1FY14.

The Company's current fleet stands at 31 vessels, comprising 22 tankers (9 crude carriers, 12 product carriers, 1 LPG carrier) and 9 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax, 1 Handymax) with an average age of 9.6 years aggregating 2.50 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323