Announced Thu, 9 Jul · 19:05 IST
GE Shipping takes delivery of Long Range 2 Tanker Jag Laxman
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
-0.7%1-day move
₹1416.00
prior close
₹1422.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-0.9-0.9-0.7+0.1-1.6-2.2-5.2-0.5————
Up moveDown movePending
AI summary
GE Shipping took delivery of 2015-built Long Range 2 Tanker Jag Laxman (about 109,990 dwt) on July 9. The vessel was contracted in Q1 FY27 and is financed from internal accruals. Owned fleet now stands at 41 vessels — 26 Tankers and 15 Dry Bulk carriers — totaling 3.35 million dwt. Capacity utilization is close to 100%. The company has also contracted to sell one Long Range 2 Product Tanker, with the sale expected in Q2 FY27.
Likely market impact
Fleet expansion funded internally, so no debt impact. Near-100% utilization supports revenue, but the parallel sale may affect net fleet growth.