GE Shipping takes delivery of a new building MR product tanker

Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Company took delivery of its new building MR product tanker "Jag Pushpa". The 47,400 DWT product tanker was built at STX Shipbuilding Co. Ltd, Korea.

With the induction of "Jag Pushpa", the Company’s current fleet of 45 vessels comprises 34 tankers (13 crude oil carriers, 19 product carriers, and 2 LPG carriers) and 11 dry bulk carriers (1 capesize, 2 panamax, 5 handymax and 3 handysize) with an average age of 12.2 years aggregating 3.17 Mn dwt.

The Company's current new building order book comprises 5 Product tankers (1 Medium Range and 4 LR1 Product tankers aggregating 0.33 Mn dwt).

The stock was trading at Rs.242.60, down by Rs.0.25 or 0.10%. The stock hit an intraday high of Rs.245.30 and low of Rs.242.50. The total traded quantity was 34246 compared to 2 week average of 167626.

Source : Equity Bulls

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