Announced Mon, 6 Apr · 11:36 IST
GE Shipping contracts to sell 2007-built MR Tanker Jag Prakash
Strategic Transactions View source PDF
GESHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹1439.00
prior close
₹1482.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.1+0.2+0.0-1.7-3.4-3.3-4.2-6.9-3.9+2.4+9.5-0.4-1.9
Up moveDown movePending
AI summary
Great Eastern Shipping (GE Shipping) has contracted to sell its 2007-built Medium Range Tanker 'Jag Prakash' (~47,848 dwt) to an unaffiliated third party. Delivery is expected in Q1 FY27. Post-sale, the company's owned fleet stands at 40 vessels — 26 Tankers and 14 Dry Bulk Carriers — aggregating 3.20 mn dwt. GE Shipping has also contracted to buy a secondhand Kamsarmax Dry Bulk Carrier and a secondhand MR Tanker, both expected in Q1 FY27.
Likely market impact
Routine fleet renewal — sale of an older 2007-built vessel paired with newer additions; minimal impact on overall operations.