GE Shipping takes delivery of 2015 built Long Range 2 Tanker 'Jag Laxman'

On 9th July, The Great Eastern Shipping Company Limited (GE Shipping) took delivery of 2015 built Long Range 2 Tanker "Jag Laxman" of about 109,990 dwt. The company had contracted to buy the vessel in Q1 FY27. This vessel is financed entirely from internal accruals.

After this transaction, the company's current owned fleet stands at 41 vessels, comprising 26 Tankers (5 Crude Tankers, 17 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.35 mn dwt. The Company's current capacity utilization is close to 100%.

Of the above, the company has contracted to sell one secondhand Long Range 2 Product Tanker, and this sale transaction is expected to be completed in Q2 FY27.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1422.00 as compared to the previous close of Rs. 1412.80. The total number of shares traded during the day was 10119 in over 751 trades.

The stock hit an intraday high of Rs. 1430.70 and intraday low of 1400.60. The net turnover during the day was Rs. 14301444.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping Delivery LongRange2Tanker JagLaxman