GE Shipping subsidiary contracts to sell an R-class Platform Supply Vessel; Stock gains ~2%

8 Mar 2022 , 10:15 AM

Greatship (India) Limited (GIL), a wholly-owned subsidiary of The Great Eastern Shipping Company Limited has contracted to sell its 2010 built R-class Platform Supply Vessel “Greatship Rohini” for scrapping. Greatship Rohini had suffered damage due to a fire incident on Board in February 2021. The vessel is expected to be delivered to the Buyer in Q4FY22.

GIL and it’s subsidiary own and operate four PSVs, eight AHTSVs, two MPSSVs, five R-class Supply Vessels (including Greatship Rohini) and four Jack-up Rigs.

At around 10.18 am, Great Eastern Shipping Company Ltd was trading at Rs324.20 per piece up by Rs5.85 or 1.84% from its previous closing of Rs318.35 per piece on the BSE.

The scrip opened at Rs321 and has touched a high and low of Rs326.75 and Rs321 respectively.