G E Shipping delivers its Suezmax Crude Carrier 'Jag Lateef' to the buyers

The Great Eastern Shipping Company Limited (G E Shipping) delivered its 2000 built Suezmax Crude Carrier "Jag Lateef" to the buyers. The vessel was contracted for sale in November 2020.

The Company's current fleet stands at 46 vessels, comprising 33 tankers (10 crude carriers, 18 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 12.24 years aggregating 3.66 mn dwt. The company has contracted to buy a Secondhand Capesize Bulk Carrier which is expected to be delivered in H2 FY 2020-21. The company has contracted to sell its oldest Suezmax Crude Carrier "Jag Laadki" which is expected to be delivered to the buyers in H2 FY2020-21. The company has also contracted to sell its 2006 built Supramax Bulk Carrier "Jag Roopa" which is expected to be delivered to the buyers in H2 FY2020-21.

Shares of GREAT EASTERN SHIPPING CO.LTD. was last trading in BSE at Rs.262.8 as compared to the previous close of Rs. 257.6. The total number of shares traded during the day was 16067 in over 729 trades.

The stock hit an intraday high of Rs. 265.35 and intraday low of 256.05. The net turnover during the day was Rs. 4208613.

Source : Equity Bulls

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