G E Shipping contracts to sell its 2004 built Medium Range Product Tanker 'Jag Pahel'

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2004 Medium Range Product Tanker, Jag Pahel of about 46,319 dwt on April 01, 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q1 FY25.

Including Jag Pahel, company's current fleet stands at 42 vessels, comprising 28 tankers (6 crude carriers, 18 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.36 Mn dwt.

Additionally, we had contracted to buy two MR product tankers in February 2024 and March 2024, which are due for delivery in Q1 FY25.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1000.15 as compared to the previous close of Rs. 995.65. The total number of shares traded during the day was 9313 in over 784 trades.

The stock hit an intraday high of Rs. 1019.55 and intraday low of 987.80. The net turnover during the day was Rs. 9314001.00.

Source : Equity Bulls

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TheGreatEasternShippingCompany INE017A01032 GEShipping Sale MediumRange ProductTanker JagPahel