The Great Eastern Shipping Company Limited
Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.
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GESHIP: Crisil ESG Ratings independently assigned the company an overall ESG score of 'Crisil ESG 59' and Core ESG rating of 'Crisil Core ESG 66' using public data.
GE Shipping is expanding its fleet by contracting to buy an 81,886 dwt Kamsarmax Dry Bulk carrier. Fully funded by internal accruals, the vessel is expected to join the fleet in Q3 FY27, boosting capacity.
Great Eastern Shipping's Board has declared an interim dividend of Rs. 14.40 per equity share. Income tax will be deducted at source. Shareholders should ensure PAN/Aadhar linkage and submit necessary documents to benefit from lower TDS rates.
GE Shipping delivered its 2009-built LR2 Product Tanker 'Jag Lokesh' to buyers. Following this asset sale, the company's owned fleet now stands at 40 vessels, totaling 3.24 million dwt.
GE Shipping took delivery of the 'Jag Laxman', a Long Range 2 Tanker (109,990 dwt), financed by internal accruals. The company's fleet now totals 41 vessels (3.35 mn dwt), operating at nearly 100% capacity. A secondhand tanker sale is anticipated in Q2 FY27.