Announced Tue, 16 Jun · 15:22 IST
GE Shipping contracts to buy secondhand LR2 Tanker of 110,000 dwt
Capex & Operations View source PDF
GESHIP · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹1383.50
prior close
₹1417.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1———+1.3+2.2+4.1+6.8+6.0+8.4-0.6+0.1——
Up moveDown movePending
AI summary
GE Shipping has contracted to buy a 2015-built secondhand Long Range 2 Tanker of about 110,000 dwt, expected to join its fleet in Q2 FY27. The purchase will be funded entirely from internal accruals. The company currently operates 39 vessels totalling 3.19 mn dwt with close to 100% capacity utilization. It has also contracted to buy a secondhand Medium Range Product Tanker, expected to close in Q1 FY27.
Likely market impact
Fleet expansion funded by internal accruals with no debt impact; positive growth signal given near-full capacity utilization.