GE Shipping takes delivery of second hand Very Large Gas Carrier Jag Vishnu

The company also delivers its 1996 built Very Large Gas Carrier Jag Vidhi to the buyers.

Oct 23, 2020 04:10 IST India Infoline News Service

GE Shipping
The Great Eastern Shipping Company Limited (GE Shipping) took delivery of a 2002 built second hand Very Large Gas Carrier “Jag Vishnu” of about 77,922 cbm. The company had contracted to buy the vessel in Q2FY21.

GE Shipping also delivered its 1996 built Very Large Gas Carrier “Jag Vidhi” to the buyers. The vessel was contracted for sale in Q2FY21.

The company’s current fleet stands at 46 vessels, comprising 33 tankers (11 crude carriers, 17 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 12.53 years aggregating 3.70 mn dwt.

The company has also contracted to buy a Long Range 2 Product Carrier which is expected to be delivered in Q3FY21.

The stock ended at Rs224.10 down by Rs5.3 or 2.31% from its previous closing of Rs229.40 on the BSE.

Related Story