Shares of GE Shipping Co drew attention after the company agreed to buy a 2014-built Japanese Kamsarmax dry bulk carrier with a deadweight tonnage of 81,094 tons, funded through its internal funds.
GE Shipping purchase this second hand Kamsarmax dry bulk ship that expected to delivered by the first quarter of FY27. The 2014-built Japanese vessel financed using the company’s internal funds and aims to grow GE Shipping’s fleet.
GE Shipping Expands Fleet with Japanese Vessels
The company own 41 ships, 27 tankers and 14 dry bulk carriers, with a total capacity of about 3.25 million deadweight tons.
Last month, it took delivery of the 2013-built South Korean Medium Range Tanker Jag Pranesh, with a deadweight tonnage of about 51,565 tons, which bought in Q3 FY26 and fully funded from internal funds.
Indian Stock Market Closes Higher
Gujarat Gas Announces Supply Restrictions. Gujarat Gas Ltd shares came into focus after the company issued force majeure notices to industrial customers, limiting contracted gas supplies. It is due to severe R-LNG shortages amid the West Asia conflict. Gujarat Gas said that the war in West Asia reduced the availability of liquefied natural gas, affecting gas supply.
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