G E Shipping contracts to sell its 2006 built Aframax Crude Carrier 'Jag Lyall'

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2006 built Aframax Crude Carrier, Jag Lyall of about 110,531 dwt. The vessel will be delivered to the new buyer in FY 2023.

Including Jag Lyall, company's current fleet stands at 45 vessels, comprising 31 tankers (8 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers (2 Capesize, 7 Kamsarmax, 5 Supramax) with an average age of 12.86 years aggregating 3.57 mn dwt. The company has previously contracted to sell a 1997 built Mid-size Gas Carrier which is expected to be delivered in H1 FY 2023.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 455.50 as compared to the previous close of Rs. 451.00. The total number of shares traded during the day was 38450 in over 2059 trades.

The stock hit an intraday high of Rs. 460.35 and intraday low of 445.40. The net turnover during the day was Rs. 17384754.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping Aframax CrudeCarrier JagLyall