Announced Tue, 21 Jul · 11:43 IST
GE Shipping delivers 2009-built LR2 tanker Jag Lokesh to buyers
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
+3.2%1-day move
₹1389.00
prior close
₹1398.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.2+0.2+0.2+3.2+3.9+3.0+0.1——————
Up moveDown movePending
AI summary
GE Shipping has delivered its 2009-built LR2 Product Tanker Jag Lokesh to buyers, completing a sale that was contracted in Q2 FY27. After this transaction, the company owned fleet stands at 40 vessels, comprising 25 Tankers (5 Crude, 16 Product, 4 LPG) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax), totalling 3.24 million dwt.
Likely market impact
Vessel sale completed as planned; fleet size reduces to 40. Likely frees up capital for reinvestment or debt reduction.