GE Shipping takes delivery of 2014 built Medium Range Tanker 'Jag Prabhu'

On 17th June 2026, The Great Eastern Shipping Company Limited (GE Shipping) took delivery of 2014 built Medium Range Tanker "Jag Prabhu" of about 49,420 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 40 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The Company's current capacity utilization is close to 100%.

Additionally, the company has contracted to buy one secondhand Long Range 2 Product Tanker, and this purchase transaction is expected to be completed in Q2 FY27.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1417.60 as compared to the previous close of Rs. 1384.40. The total number of shares traded during the day was 50385 in over 3405 trades.

The stock hit an intraday high of Rs. 1424.45 and intraday low of 1384.00. The net turnover during the day was Rs. 70912530.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping Delivery JagPrabhu