The Great Eastern Shipping Company (GE Shipping) has signed a contract to sell ‘Jag Pratap’, a medium range (MR) product carrier. The 1995 built vessel of about 45,600 dwt will be delivered to the buyers in Q3 FY2012.
The company's current fleet stands at 35 vessels, comprising of 25 tankers (9 crude carriers, 15 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 8.1 years aggregating 2.66 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).
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 324.45 |
| GE Shipping | 1531.65 |
| Dredging Corp | 945.80 |
| Seamec | 1607.45 |
| Shreeji Ship.Global | 429.90 |
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