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2011 November 21   12:57

GE Shipping contracts to sell a Medium Range product carrier

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell "Jag Pratap", a Medium Range (MR) product carrier, Equity Bulls reports. The 1995 built vessel of about 45,600 dwt will be delivered to the buyers in Q3 FY20 12. The Company's current fleet stands at 35 vessels, comprising of 25 tankers (9 crude carriers, 15 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kanisarmax, 1 Panarnax, 4 Supraniax, 1 Handymax) with an average age of 8.1 years aggregating 2.66 mn dwt.
The stock was trading at Rs.222, down by Rs.1.90 or 0.85%. The stock hit an intraday high of Rs.223 and low of Rs.218.10.
The total traded quantity was 0.13 lakhs compared to 2 week average of 0.11 lakhs.

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