Company Overview and News

 
Great Eastern board to consider raising up to Rs 1,000 cr via NCDs

2018-04-23 moneycontrol
Great Eastern Shipping Ltd today said its board will next month decide on raising up to Rs 1,000 crore through private placement of non-convertible debentures (NCDs).

 
Company News: Great Eastern Shipping Company

2018-04-19 thehindubusinessline
Great Eastern Shipping Company has taken delivery of a second-hand very large gas carrier ‘Jag Viraat’ (2007 built) of about 81,617 cbm. The company had contracted to buy the vessel earlier this month. GE Shipping’s current fleet stands at 48 vessels, comprising 33 tankers (12 crude carriers, 17 product tankers, 4 LPG carriers) and 15 dry bulk carriers (1 capesize, 8 Kamsarmax, 6 Supramax) with an average age of 10.

 
Closing Bell: Sensex rises 108 pts, Nifty ends above 10,150; banks, financials lead

2018-03-27 moneycontrol
3:30 pm Market Closing: Benchmark indices continued to trade higher for second consecutive session, with the Sensex rising 107.98 points to 33,174.39, tracking positive move in global equities.

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‘Where is the logic in applying GST to shipping?’

2018-03-11 thehindubusinessline
KM Sheth, 85, is considered the doyen of the Indian shipping industry. In his 66th year with The Great Eastern Shipping Co (he joined the company on October 2, 1952 after a 12-month training he took up voluntarily because he “never before saw a ship in his life”), Sheth rose to become its Chairman and Managing Director. In an interview with BusinessLine, Sheth dwelt at length on the challenges faced by the industry.

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SCI, Great Eastern, Essar Shipping bid for IOC and BPCL’s long-term tanker charter

2018-01-24 thehindubusinessline
The tenders for the first long-term cargo support contracts to be tried out in India at the behest of the Central government, closed on January 22.

 
India testing waters in LPG ship-building

2018-01-03 thehindubusinessline
After an unsuccessful attempt to build liquefied natural gas (LNG) carriers locally, the Centre’s policy managers are turning their attention to another cryogenic segment — constructing liquefied petroleum gas (LPG) tankers at domestic shipyards.

 
Tanker charters: Owners to seek change in fleet age limit

2017-12-10 thehindubusinessline
IOC and BPCL have set a 10-year age limit for qualifying ships because by the time the five-year contract ends, the ships will be 15-years old, reaching the threshold prescribed by most of the crude-oil loading terminals worldwide

 
Indian fleet-owners term IOC, BPCL tanker charter tenders ‘not workable’

2017-12-05 thehindubusinessline
IOC’s decision to allow foreign flag ships to participate in the VLCC tender with the right of first refusal to Indian flag ships has also not gone down well

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Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

2017-12-04 moneycontrol
Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.

 
Indian Oil Refiners Issue Tenders Aimed At Boosting Domestic Shipping

2017-12-04 rigzone
NEW DELHI/SINGAPORE, Dec 4 (Reuters) - Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.

 
PSU oil refiners issue tanker tenders to boost domestic shipping

2017-12-04 thehindubusinessline
Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.

 
Shipping stocks surge on oil tanker tenders

2017-12-04 thehindubusinessline
Shipping stocks surged as two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies.

 
Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

2017-12-04 in.reuters
NEW DELHI/SINGAPORE (Reuters) - Two of India’s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.

 
Great Eastern Shipping’s off-shorearm wins rig contracts from ONGC

2017-11-15 thehindubusinessline
Greatship (India), the off-shore subsidiary of Great Eastern Shipping Co, has won three-year contracts from ONGC for two if its oil-drilling rigs, helping boost revenue at India’s biggest private maritime-carrier after a lacklustre second quarter that saw its net profit tank 97.6 per cent.

 
Great Eastern Shipping Company acquires vessel Jag Lokesh

2017-09-27 indiainfoline
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