G E Shipping: Stock jumps after signing contract to sell Suezmax Crude TankerG E Shipping: Stock jumps after signing contract to sell Suezmax Crude Tanker

Introduction

Leading shipping company has sold its 2005-built Suezmax crude tanker, Jag Lok, to an unaffiliated third party. The vessel will be delivered by Q3 FY26, while fleet expansion plans include additional tankers and bulk carriers.

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Share price movement of G E Shipping

On September 16, 2025, Great Eastern Shipping Company Ltd opened at ₹1,004.95, up 0.93% from its previous close of ₹995.65. The stock reached a high of ₹1,023.50 and a low of ₹997.95. By 10:55 AM, it traded at ₹1,022.00, a 2.65% increase, with a market cap of ₹15,019.97 crore.

G E Shipping Sells Suezmax Tanker Jag Lok

The Great Eastern Shipping Company Limited has sold its 2005-built Suezmax crude tanker, Jag Lok, 158,280 dwt, to an unaffiliated third party on September 15, 2025.

The vessel is scheduled for delivery to the buyer by Q3 FY26. The company’s current fleet consists of 38 vessels, including 26 tankers and 12 dry bulk carriers, totaling 3.04 million dwt.

The company has also contracted to purchase two secondhand Kamsarmax dry bulk carriers and one Suezmax crude tanker in Q2 FY26. These vessels are expected to join the fleet by Q3 FY26.

Stock performance of G E Shipping for Period of 1 week, 6 months, and 1 year

Great Eastern Shipping Company Ltd delivered a 2.11% return over the past week, it gained 4.49% in the past six months. The stock declined 21.0% over the past year.

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Shareholding pattern of G E Shipping

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	30.10%	30%	30.10%
FII	24.60%	25.40%	25.00%
DII	15.10%	14.90%	15.20%
Public	30.20%	29.60%	29.70%

About  G E Shipping

Great Eastern Shipping Company Ltd (NSE: GESHIP), founded in 1948, is a leading Indian shipping and oil drilling services company. It operates 39 ships and 23 offshore assets, making it the largest private sector shipping firm.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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