Announced Wed, 17 Jun · 12:42 IST
GE Shipping takes delivery of MR Tanker Jag Prabhu, fleet at 40 vessels
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
+0.1%1-day move
₹1413.50
prior close
₹1406.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.2+0.3+0.3+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 (about 49,420 dwt) on June 17, 2026. The vessel was contracted in Q1 FY27 and funded entirely from internal accruals. The company's owned fleet now stands at 40 vessels (25 tankers and 15 dry bulk carriers) totaling 3.24 million dwt, with capacity utilization close to 100%. One more secondhand Long Range 2 Product Tanker purchase is expected to close in Q2 FY27.
Likely market impact
Fleet expansion funded from internal accruals shows strong cash generation, while near 100% utilization supports near-term earnings and asset productivity.