GE Shipping Takes Delivery of Handymax Dry Bulk Carrier

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