Announced Tue, 7 Jul · 11:24 IST
GE Shipping contracts to sell 2009-built tanker Jag Lokesh
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
-2.6%1-day move
₹1412.00
prior close
₹1379.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.2+0.4+0.3-2.6+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 (about 105,900 dwt) to an unaffiliated third party. Delivery is expected in Q2 FY27. Post-sale, the owned fleet will stand at 40 vessels (25 tankers, 15 dry bulk) totalling 3.24 mn dwt, with capacity utilisation near 100%. The company is also buying a 2015-built Long Range 2 Product Tanker in Q2 FY27.
Likely market impact
Routine fleet rotation with a vessel sale offset by a newer purchase; no material change to overall business.