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Great Eastern Shipping Co. Ltd. — Capital/Financing Update 2024
Jul 23, 2024
59079_rns_2024-07-23_eebd73cd-8528-4af3-9b3d-60fa00ffde1e.pdf
Capital/Financing Update
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Our Ref.: S/2024/JMT
July 23, 2024
BSE Limited National Stock Exchange of India Limited 1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051
BSE Scrip code: 500620 Trading Symbol - GESHIP
Dear Sir,
We wish to inform you that the Company has contracted to sell its 2005 built Medium Range Product Tanker, Jag Pranav of about 51,383 dwt on July 23, 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q2/Q3 FY25.
A Press Release to be issued in this connection is enclosed.
You are requested to take note of the above.
Thanking You,
Yours faithfully,
For The Great Eastern Shipping Company Limited
Digitally signed by: Anand Anand Prabhakar Punde Prabhak DN: CN = Anand Prabhakar Punde C = IN O = Personal ar PundeDate: 2024.07.23 10: 54:16 +05'30'
Anand Punde
Company Secretary
Email ID: [email protected]
www.greatship.com
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PRESS RELEASE
G E Shipping contracts to sell its 2005 built Medium Range Product Tanker
“Jag Pranav”
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2005 built Medium Range Product Tanker, Jag Pranav of about 51,383 dwt on July 23, 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q2/Q3 FY25.
Including Jag Pranav, Company’s current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 Mn dwt.
Additionally, we had contracted to sell one MR product tanker in May 2024 and buy one MR product tanker in June 2024, which are due for deliveries in Q2FY25.
Place: MUMBAI
Date: July 23, 2024
-----------------------------------------visit us at www.greatship.com--------------------------------------For further details, please email us at: [email protected]
www.greatship.com