G E Shipping contracts to sell its 2005 built Suezmax Crude Tanker 'Jag Lalit'

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2005 built Suezmax Crude Tanker, Jag Lalit of about 158,344 dwt on September 13, 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY25.

Including Jag Lalit, company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 mn dwt.

Additionally, we had contracted to sell one MR product tanker in July 2024 and one Supramax drybulk carrier in Aug 2024, which are due for deliveries by Q3 FY25.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1278.40 as compared to the previous close of Rs. 1278.50. The total number of shares traded during the day was 16620 in over 927 trades.

The stock hit an intraday high of Rs. 1287.60 and intraday low of 1264.20. The net turnover during the day was Rs. 21181588.00.

Source : Equity Bulls

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