Great Eastern Shipping Company (G E Shipping) has contracted to sell its 2005 built Suezmax Crude Tanker, Jag Lalit of about 158,344 dwt on 13 September 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY25. Including Jag Lalit, company`s current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 mn dwt. Additionally, the company had contracted to sell one MR product tanker in July 2024 and one Supramax drybulk carrier in Aug 2024, which are due for deliveries by Q3 FY25.Powered by Capital Market - Live News

Great Eastern Shipping Company delivered its 2004 built Medium Range Product Tanker �Jag Pranam� to the buyers. The vessel was contracted for sale in May 2024. Excluding Jag Pranam, company`s current fleet stands at 42 vessels, comprising 28 tankers (6 Crude carriers, 18 Product carriers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.36 mn dwt. Additionally, we had contracted to sell one MR product tanker in July 2024 and buy one MR product tanker in June 2024, which are due for deliveries in CY 2024.Powered by Capital Market - Live News

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 1 August 2024, inter alia, have recommended the interim dividend of Rs 9 per equity Share (i.e. 90%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Great Eastern Shipping Company rose 40.90% to Rs 811.94 crore in the quarter ended June 2024 as against Rs 576.27 crore during the previous quarter ended June 2023. Sales rose 17.49% to Rs 1508.23 crore in the quarter ended June 2024 as against Rs 1283.69 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1508.231283.69 17 OPM %60.3961.68 - PBDT1045.02780.10 34 PBT847.97600.38 41 NP811.94576.27 41 Powered by Capital Market - Live News

Great Eastern Shipping Company has contracted to sell its 2005 built Medium Range Product Tanker, Jag Pranav of about 51,383 dwt on 23 July 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q2/Q3 FY25.Including Jag Pranav, company`s current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 Mn dwt.Additionally, the company had contracted to sell one MR product tanker in May 2024 and buy one MR product tanker in June 2024, which are due for deliveries in Q2FY25.Powered by Capital Market - Live News