GE Shipping Takes Delivery Of 'Jag Pavitra'


Great Eastern Shipping Company Limited (G E Shipping) on Thursday informed that it has taken delivery of a second-hand medium range product tanker 'Jag Pavitra' (2008 built) of about 51,464 dwt. The company had made an agreement to buy the vessel in April 2017.

Great Eastern Shipping was trading at Rs 405.65 per share, up by 0.05% at 0915 hours IST on BSE.

The stock has delivered returns of more than 30% in a period of one year. It has underperformed BSE mid-cap and Nifty Services Sector Index over the same period. Gujarat Pipavav Port is its closest peer.

The Great Eastern Shipping Company's segments include shipping and offshore. The shipping business is involved in the transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services to the oil companies in carrying out offshore exploration and production activities.

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