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

22 Jul 2022 , 03:25 PM

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2006 built Aframax Crude Carrier, Jag Lyall of about 110,531 dwt. The vessel will be delivered to the new buyer in FY2023.

Including Jag Lyall,company’s current fleet stands at 45 vessels, comprising 31 tankers (8 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers (2 Capesize, 7 Kamsarmax, 5 Supramax) with an average age of 12.86 years aggregating 3.57 mn dwt.

The Company has previously contracted  to sell a 1997 built Mid-size Gas Carrier which is expected to be delivered in H1FY2023.

On Friday at around 3:20 PM, Great Eastern Shipping Company was trading at Rs456.90 per share up by Rs1.4 or 0.31% from its previous closing of Rs455.50 per share on the BSE.