G E Shipping completes the sale of old midsize gas carrier 'Jag Vijaya'; Stock rallies 2%

4 Aug 2022 , 09:46 AM

The Great Eastern Shipping Company Limited (G E Shipping) sold its 1997 built Midsize Gas Carrier ‘Jag Vijaya’ to the buyers. The vessel was contracted for sale in May 2022.

As per the filing, excluding this vessel, the Company’s current fleet stands at 44 vessels, comprising 30 tankers (8 crude carriers, 18 product tankers, 4 LPG carrier) and 14 dry bulk carriers with an average age of 12.80 years aggregating 3.55 million dwt.

At around 9:47 AM, Great Eastern Shipping Company was trading at Rs524.30 per share up by Rs9.55 or 1.86% from its previous closing of Rs514.75 per share on the BSE.

The scrip opened at Rs515.25 and has touched a high and low of Rs527.15 and Rs515.25 respectively so far today.  The current market cap of the company is Rs7,352.03 crore.