GE Shipping contracts sale of 2007-built tanker Jag Prakash in Q1 FY27GE Shipping contracts sale of 2007-built tanker Jag Prakash in Q1 FY27

Introduction

Leading shipping firm has contracted to sell its 2007-built Medium Range Tanker Jag Prakash and plans to acquire one Kamsarmax and one Medium Range Tanker in Q1 FY27.

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Share price movement of GE Shipping

On April 06, 2026, Great Eastern Shipping Company Ltd opened at ₹1,432.20, down 0.41% from its previous close of ₹1,438.20. The stock reached a high of ₹1,500.00 (4.32%) and a low of ₹1,432.20 (-0.41%). By 2:52 PM, it traded at ₹1,466.40, a 1.96% increase, with a market cap of ₹21,551.17 crore.

GE Shipping Sells Jag Prakash

The Great Eastern Shipping Company Limited (GE Shipping) has contracted to sell its 2007-built Medium Range Tanker, Jag Prakash, of 47,848 dwt to an unaffiliated third party. Delivery is planned for Q1 FY27.

GE Shipping’s fleet currently includes 40 vessels, comprising 26 tankers and 14 dry bulk carriers, aggregating 3.20 million dwt. The company also plans to buy one secondhand Kamsarmax and one Medium Range Tanker in Q1 FY27.

Stock performance of GE Shipping for period of 1 week, 6 months, and 1 year

Great Eastern Shipping Company Ltd delivered a 1-week return of 1.76%, a 6-month return of 38.4%, and a 1-year return of 58.8%.

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Shareholding pattern of GE Shipping

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	30.10%	30.10%	30.10%
FII	25.70%	24.90%	24.60%
DII	16.20%	15.80%	15.10%
Public	28.00%	29.20%	30.20%

About GE Shipping

Great Eastern Shipping Company Ltd (NSE: GESHIP), along with its subsidiaries, is a leading Indian company providing shipping and oil drilling services across domestic and international markets.

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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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