G E Shipping contracts to sell its old Midsize Gas Carrier ‘Jag Vijaya’; Stock rallies 3%

The Great Eastern Shipping Company Limited (G E Delivery) has contracted to promote its 1997 constructed Midsize Gasoline Service Jag Vijaya of about 35,421 cbm. The vessel will likely be delivered to the brand new purchaser in H1 FY 2022-23.

Together with Jag Vijaya, firm’s present fleet stands at 45 vessels, comprising 31 tankers (8 crude carriers, 18 product tankers, 5 LPG provider) and 14 dry bulk carriers (2 Capesize, 7 Kamsarmax, 5 Supramax) with a mean age of 12.66 years aggregating 3.57 mn dwt.

Nice Jap Delivery Firm was buying and selling at Rs389.85 apiece up by Rs11.55 or 3.05% from its earlier closing of Rs378.30 apiece on the BSE, at round 12:12 PM.