G E Shipping contracts to sell its 2004 built Medium Range Product Tanker Jag Pranam

The shares of the company are trading in the green zone at Rs 1,049.55 up by 0.067%.

 G E Shipping contracts to sell its 2004 built Medium Range Product Tanker Jag Pranam

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2004 Medium Range Product Tanker, Jag Pranam of about 48,700 dwt on May 15, 2024, to an unaffiliated third party. The vessel will be delivered to the new buyer by H1 FY25.

 Including Jag Pranam, the company’s current fleet stands at 44 vessels, comprising 30 tankers (6 crude carriers, 20 product tankers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.46 Mn dwt.

Additionally, the company has contracted to sell one MR product tanker on April 01, 2024, which is due for delivery in Q1 FY25.

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The shares of the company are trading in the green zone at Rs 1,049.55 up by 0.067%.

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