Great Eastern Shipping Company Ltd
(GE Shipping) has announced has taken delivery of the 47,240 dwt, 1997 built Handymax dry bulk carrier
. Now named Jag Riddhi, the vessel was contracted in March 2007.
With this, the fleet of 46 vessels includes 34 tankers (13 crude oil carriers, 19 product carriers, and 2 LPG carriers) and 12 drybulk carriers (1 capesize, 2 panamax, 6 handymax and 3 handysize) with an average age of 12.2 years aggregating 3.22 Mn dwt.
The company's current new building order book comprises 5 product tankers (1 Medium Range and 4 LR1 product tankers aggregating 0.33 Mn dwt).
The stock closed the day at Rs.246.90, up by Rs.7.05 or 2.94%. The stock hit an intraday high of Rs.249.90 and low of Rs.237.05. The total traded quantity was 79255 compared to 2 week average of 162787.
Source: Equity Bulls