The Great Eastern Shipping Company Limited (G E Shipping) is a India based company engaged in the business of owning and operating crude oil tankers and product carriers. The company’s operating segments include Tanker business and Offshore business. It has a modern fleet of 44 vessels comprising 30 crude oil tankers (average DWT of 2.17 million), 10 product carriers (average DWT of 0.85 million) and 4 offshore supply vessels (OSVs). G E Shipping’s vessels fly the Indian flag and the company has an International Group of P&I Clubs insurance cover for its vessels. The company is headquartered in Mumbai, India and employed 1,547 people as on March 31, 2016.
G E Shipping’s Tanker business includes crude oil tankers that transport crude oil from its source to refineries. The company’s Offshore business includes offshore supply vessels that provide logistic support to the offshore oil exploration and production activities.
The company’s strategy is to focus on operating its vessels in the spot market and to enter into long term time charters for its vessels to reduce the volatility in earnings. G E Shipping has a strong focus on safety and environmental protection. The company has been awarded the ISM Code Certificate and the ISO 14001 Certificate by Lloyd’s Register.
G E Shipping’s revenues increased from INR 9,481.6 million in FY2015 to INR 11,049.4 million in FY2016. The net profit of the company increased from INR 1,014.4 million in FY2015 to INR 1,609.4 million in FY2016.
The company’s share price increased from INR 156.6 in FY2015 to INR 227.9 in FY2016. The market capitalisation of the company increased from INR 36,213.4 million in FY2015 to INR 54,067.2 million in FY2016.
The company’s website is www.geship.com