G E Shipping contracts to sell its Very Large Gas Carrier 'Jag Vidhi'

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 1996 built Very Large Gas Carrier, Jag Vidhi, of about 78,503 cbm. The vessel will be delivered to the new buyer in Q3 FY 2020-21.

Including Jag Vidhi, the company's current fleet stands at 46 vessels, comprising 33 tankers (11 crude carriers, 17 product tankers, 5 LPG carriers) and 13 dry bulk carriers with an average age of 12.37 years aggregating 3.70 mn dwt.

Shares of GREAT EASTERN SHIPPING CO.LTD. was last trading in BSE at Rs.247.05 as compared to the previous close of Rs. 238.5. The total number of shares traded during the day was 41548 in over 3215 trades.

The stock hit an intraday high of Rs. 251.5 and intraday low of 236.85. The net turnover during the day was Rs. 10235944.

Source : Equity Bulls

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