Great Eastern Shipping Company Ltd (GESHIP)

Great Eastern Shipping Company Ltd Share Price Soars 274% in Last Five Years - 26 Apr, 2024

Great Eastern Shipping Company Ltd has delivered a fantastic 35% CAGR to shareholders over the last five years, with its share price surging 6.2% in the last week alone. The company became profitable during this period and has seen EPS growth of 45% per year. Its TSR for the last five years is 351%, boosted by dividends paid.

Great Eastern Shipping Shows Strong Dividend Profile - 23 Apr, 2024

Great Eastern Shipping Company Ltd demonstrates a strong dividend profile with payments well covered by earnings and cash flows, ranking in the top quartile of Indian market payers.

Great Eastern Shipping Company Acquires Medium Range Product Tanker - 12 Apr, 2024

Great Eastern Shipping Company has taken delivery of a 2010-built medium range product tanker, Jag Priya, expanding its fleet to 43 vessels. The acquisition was financed entirely from internal accruals.

Great Eastern Shipping Sees Surge in Volume - 04 Apr, 2024

Great Eastern Shipping Company Ltd experiences a significant increase in trading volume on BSE, while Bharat K. Sheth's leadership propels the company to success through risk-averse debt management and understanding of the shipping cycle.

Great Eastern Shipping Company Awaits Opportunities to Expand Fleet - 02 Apr, 2024

The CEO of Great Eastern Shipping Company, G Shivakumar, has stated that the company is waiting for attractive opportunities to invest and expand its fleet. The offshore assets of the company are back to very profitable levels, and it has two rigs up for repricing within the next few months.

Great Eastern Shipping to Acquire Medium Range Product Tanker - 29 Mar, 2024

Great Eastern Shipping has signed a contract to acquire a medium range product tanker of about 51,486 deadweight tonnage. The acquisition is aimed at modernizing and expanding the fleet. The proposed ship will be financed entirely from internal accruals.

GE Shipping CFO Expects Tight Freight Market and Healthy Rates - 28 Mar, 2024

G Shivakumar, the ED & CFO of GE Shipping Company expects freight market to remain tight and rates to remain at healthy levels next year. Tanker rates for Q4 have increased due to disruptions in the Red Sea route prompting vessels to avoid passage via the Suez Canal. The incident may affect dry bulk volumes but not tankers which comprise the majority of the company's fleet.