Announced Tue, 7 Jul · 11:21 IST
GE Shipping contracts to sell 2009-built LR2 Tanker Jag Lokesh
Business Updates 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
-2.6%1-day move
₹1412.00
prior close
₹1377.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.4+0.3+0.4-2.6+0.3+0.8-0.4+0.4-1.9————
Up moveDown movePending
AI summary
GE Shipping has contracted to sell its 2009-built Long Range 2 Tanker Jag Lokesh of about 105,900 dwt to an unaffiliated third party. Delivery is expected in Q2 FY27. Post-sale, the company's owned fleet stands at 40 vessels (25 Tankers and 15 Dry Bulk Carriers) totalling 3.24 million dwt, with capacity utilisation close to 100 percent. Separately, the company has also contracted to buy one 2015-built secondhand LR2 Product Tanker, expected to close in Q2 FY27.
Likely market impact
Fleet rotation with no net change in vessel count; sale of an older asset partly offset by a newer secondhand buy.