G E Shipping contracts to buy a Secondhand Supramax Bulk Carrier

The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a secondhand Supramax Bulk Carrier of about 56,103 dwt. The 2013 Japanese built vessel is expected to join the Company's fleet in Q1 FY22.

Excluding this vessel, the Company's current fleet stands at 46 vessels, comprising 32 tankers (9 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers with an average age of 11.77 years aggregating 3.69 mn dwt. The company has contracted to sell its 2006 built Supramax Bulk Carrier "Jag Roopa" which is expected to be delivered to the buyers in Q4 FY2020-21.

Shares of GREAT EASTERN SHIPPING CO.LTD. was last trading in BSE at Rs.326.75 as compared to the previous close of Rs. 334.55. The total number of shares traded during the day was 70185 in over 2168 trades.

The stock hit an intraday high of Rs. 339.75 and intraday low of 325.05. The net turnover during the day was Rs. 23319138.

Source : Equity Bulls

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