G E Shipping contracts to sell its Aframax Crude Carrier 'Jag Lata'

The vessel will be delivered to the new buyers in Q2 FY 2021-22.

Jul 30, 2021 04:07 IST India Infoline News Service

GE Shipping
The Great Eastern Shipping Company Limited(G E Shipping) has contracted to sell its 2003 built Aframax Crude Carrier, Jag Lata of about 105,716 dwt. The vessel will be delivered to the new buyers in Q2 FY 2021-22.

According to regulatory filing, including this vessel, the Company’s current fleet stands at 46 vessels, comprising 32 tankers (9 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers with an average age of 12.06 years aggregating 3.68 mn dwt.

On Friday, Great Eastern Shipping Company ended at Rs337.60 apiece down by Rs5.4 or 1.57% from its previous closing of Rs343 apiece on the BSE.

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