G E Shipping sizzles on delivering crude carrier to buyers
Great Eastern Shipping Company (G E Shipping) advanced 2.91% to Rs 270.45 after the company delivered its 2000 built Suezmax Crude Carrier "Jag Lateef" to the buyers, contracted for sale in November 2020.
The announcement was made after market hours yesterday, 28 December 2020.
G E Shipping'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 million deadweight tonnage (mn dwt).
G E Shipping is India's largest private sector shipping service provider. The shipping business operates under two main businesses: dry bulk carriers and tankers.
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