Announced Wed, 17 Jun · 12:49 IST
GE Shipping takes delivery of 49,420 dwt MR Tanker Jag Prabhu
Capex & Operations 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
+0.1%1-day move
₹1413.50
prior close
₹1409.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.0+0.0+0.4+0.1+1.9+4.5+3.8+5.5+8.1+0.2-5.0——
Up moveDown movePending
AI summary
GE Shipping took delivery of 2014-built Medium Range Tanker Jag Prabhu of about 49,420 dwt on June 17, 2026. The vessel was contracted in Q1 FY27 and is financed entirely from internal accruals. Fleet now stands at 40 vessels totaling 3.24 mn dwt, with capacity utilization close to 100 percent. Another secondhand LR2 Product Tanker purchase is expected to close in Q2 FY27.
Likely market impact
Modest fleet expansion funded internally with no debt impact. Near full utilization means added tonnage supports revenue growth.