Great Eastern Shipping Company Ltd

Great Eastern Shipping Company Recommends Final Dividend Of Rs 4.50 per share The board of Great Eastern Shipping company in its meeting held on 06 May 2013 has recommended final dividend of Rs 4.50 per equity share for the financial year 2012-13.

Great Eastern Shipping Company - Board to Consider Dividend On 06 May 2013 Great Eastern Shipping Company to hold board meeting will be held on 06 May 2013, to consider: audited accounts for the financial year ended 31 March 2013 and recommendation of dividend.

Great Eastern Shipping`s arm incorporates wholly owned subsidiary in Singapore On 17 April 2013 Great Eastern Shipping Company`s wholly owned subsidiary - Great Eastern Chartering LLC (FZC) has incorporated a wholly owned subsidiary, The Great Eastern Chartering (Singapore) in Singapore on 17 April 2013.

Great Eastern Shipping delivers its Jag Parwar to the buyers Great Eastern Shipping Company has delivered its 1988 built general purpose (GP) product carrier "Jag Parwar" (about 29,900 dwt) to the buyers. With the delivery of this vessel, the company`s current fleet stands at 31 vessels, comprising 22 tankers (9 crude carriers, 12 product carriers, 1 LPG carrier) and 9 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax, 1 Handymax) with an average age of 9.6 years aggregating 2.50 million dwt. The company made this announcement after the trading hours on 03 April 2013.

Great Eastern Shipping delivers its Jag Arnav to the buyers Great Eastern Shipping Company has delivered its 1995 built Panamax dry bulk carrier "Jag Arnav" (about 71,000 dwt) to the buyers. With the delivery of this vessel, the company`s current fleet stands at 32 vessels, comprising 23 tankers (9 crude carriers, 13 product carriers, 1 LPG carrier) and 9 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax, 1 Handymax) with an average age of 9.7 years aggregating 2.53 mn dwt.

Great Eastern Shipping Company contracts to sell a general purpose product carrier To be delivered to the buyers in Q1FY14 Great Eastern Shipping Company has signed a contract to sell `Jag Parwar`, a general purpose product carrier. The 1988 built vessel of about 29,900 dwt will be delivered to the buyers in Q1FY14. The company`s current fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product carriers, 1 LPG carrier) and 10 dry bulk carriers (1 capesize, 3 kamsarmax, 1 panamax, 4 supramax, 1 handymax) with an average age of 10.0 years aggregating 2.60mn dwt.

GE Shipping contracts to sell a Panamax dry bulk carrier Great Eastern Shipping Company has announced that the company has signed a contract to sell `Jag Arnav`, a Panamax dry bulk carrier. The 1995 built vessel of about 71,000 dwt will be delivered to the buyers in H1CY2013.

Great Eastern Shipping Company declares interim dividend Of Rs 3 per share The board of Great Eastern Shipping Company in its meeting on 07 February 2013 has declared interim dividend at the rate of Rs 3 per share to the equity shareholders of the company.

Great Eastern Shipping Company to consider interim dividend Board meeting on 07 February 2013 The board meeting of Great Eastern Shipping Company will be held on 07 February 2013 to consider the unaudited financial results (provisional) for the quarter ended 31 December 2012 and to consider declaration of interim dividend for the financial year 201-13, if any.

Greatship`s subsidiary takes delivery of mobile offshore self elevating drilling rig Greatship Global Offshore Services, a Singapore incorporated subsidiary of Greatship (India), which is a wholly owned subsidiary of the Great Eastern Shipping Company has taken delivery of a mobile offshore self elevating drilling rig, Le Tourneau Super 116(E) - `Greatdrill Chaaya` from Lamprell Energy, UAE.

Greatship`s subsidiary takes delivery of platform/ ROV Support Vessel Greatship Global Offshore Services, a Singapore incorporated subsidiary of Greatship (India), which is a wholly owned subsidiary of the Great Eastern Shipping Company has taken delivery of a platform/ ROV Support Vessel (ROVSV), Greatship Ragini from Colombo Dockyard Plc, Sri Lanka.

G E Shipping contracts to buy new building MR product tanker To be built at STX (Dalian) Shipbuildinig Co., China Great Eastern Shipping Company has placed an order for 1 new building medium range product tanker to be built at STX (Dalian) Shipbuilding Co., China. The contract also gives GE Shipping the option to add more ships at a later date. The contracted ship, of about 50,000 dwt, will be built according to the new eco design features which will result in greater fuel efficiency and be in compliance with energy efficiency design index requirements. The first tanker is expected to join the company`s fleet during Q4 FY 2015

Great Eastern Shipping Company allots equity shares On 06 December 2012 Great Eastern Shipping Company has announced that the company on 06 December 2012 has allotted 32,400 equity shares of the company to Peerless General Finance & Investment Company from the abeyance quota of rights issue 1992 & 1994, pursuant to the order of the Special Court (Trial of Offences relating to transactions in Securities) Act, 1992 in the misc. application no. 250 of 2011.

Greatship`s subsidiary takes delivery of a Platform/ROV Support Vessel Great Eastern Shipping Company has announced that Greatship (India), a wholly owned subsidiary of the company, has taken delivery of Greatship RACHNA, a Platform/ ROV Support Vessel built by Colombo Dockyard Plc, Sri Lanka.

G E Shipping takes delivery of a very large gas carrier The Great Eastern Shipping Company (G E Shipping) has taken delivery of a 1990 built very large gas carrier (VLGC) `Jag Vidhi` of about 49,700 dwt. With the induction of `Jag Vidhi`, the company`s fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 9 years aggregating 2.60 million dwt.

Greatship`s subsidiary delivers Greatship Mamta to the buyers Great Eastern Shipping Company has announced that Greatship Global Offshore Services, a Singapore incorporated subsidiary of Greatship (India), a wholly owned subsidiary of the company has delivered the 2010 built multipurpose platform supply and support vessel `Greatship Mamta` to the buyers. The company made this announcement on 01 August 2012.

Greatship`s subsidiary takes delivery of platform/ ROV support vessel Great Eastern Shipping Company has announced that Greatship Global Energy Services, a Singapore incorporated subsidiary of Greatship (India), which is a subsidiary of the company has taken delivery of a platform / ROV support vessel, Greatship Roopa from Colombo Dockyard PLC, Sri Lanka. The company made this announcement after the trading hours on 11 July 2012.

G E Shipping contracts to buy a Very Large Gas Carrier The Great Eastern Shipping Company has signed a contract to buy a very large gas carrier (VLGC) of about 49,700 dwt (75,000 cbm). The 1990 built vessel is expected to join the company`s fleet during Q2FY2013. The company`s current fleet stands at 32 vessels, comprising 22 tankers (9 crude carriers, 13 product carriers) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.7 years aggregating 2.55 million dwt.

Great Eastern Shipping delivers its Jag Viraj to the buyers The Great Eastern Shipping Company has delivered its 1991 built liquefied petroleum gas (LPG) carrier `Jag Viraj` (about 17,500 dwt) to the buyers. With the delivery of this vessel, the company`s current fleet stands at 32 vessels, comprising 22 tankers (9 crude carriers, 13 product carriers) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.7 years aggregating 2.55 million dwt. The company made this announcement on 28 June 2012.

G E Shipping contracts to sell a LPG carrier The Great Eastern Shipping (GE Shipping) has signed a contract to sell `Jag Viraj`, a liquefied petroleum gas (LPG) carrier. The 1991 built vessel of about 17,500 dwt will be delivered to the buyers in H1FY2013. The company`s current fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product carriers, 1 LPG carrier) and 10 drybulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.8 years aggregating 2.57 million dwt. The company made this announcement on 18 June 2012.

Great Eastern Shipping delivers its Jag Pradip to the buyers The Great Eastern Shipping Company has delivered its 1996 built Medium Range product carrier `Jag Pradip` (about 45,600 dwt) to the buyers. With the delivery of this vessel, the company`s current fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 product carriers, 1 LPG carrier) and 10 drybulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.8 years aggregating 2.57 million dwt. The company made this announcement on 14 June 2012.

Greatship`s subsidiary contracts to sell multipurpose platform supply and support vessel Greatship Global Offshore Services, a Singapore incorporated subsidiary of Greatship India, a wholly owned subsidiary of the Great Eastern Shipping Company has contracted to sell its 2010 built multipurpose platform supply and support vessel Greatship Mamta`. The vessel is expected to be delivered to the buyers in Q2FY13.

GE Shipping signs contract to sell Medium Range product carrier Great Eastern shipping company has signed a contract to sell "Jag Pradip", a medium range product carrier. The 1996 built vessel of about 45,600 dwt will be deliverd to the buyers in Q1 FY 2013.

Great Eastern Shipping Company declares final dividend Of Rs 3.50 per share The board of Great Eastern Shipping Company in its meeting on 03 May 2012 has recommended final dividend of Rs 3.50 per share for the financial year 2011-12.

Great Eastern Shipping Company to consider dividend Board meeting on 03 May 2012 The board meeting of Great Eastern Shipping Company will be held on 03 May 2012 to consider the audited accounts for the financial year ended 31 March 2012 and to consider recommendation of dividend, if any.

GE Shipping delivers its second VLCC to the buyers Great Eastern Shipping Company (GE Shipping) has took delivery of its 318,000 dwt Very Large Crude Carrier (VLCC) `Ardeshir H Bhiwandiwalla` from Hyundai Heavy Industries (HHI) South Korea and subsequently delivered the vessel to its new buyers.

Great Eastern Shipping Company appoints additional director With effect from 10 February 2012 The board of Great Eastern Shipping Company has appointed Rajiv B Lall as additional director of the company with effect from 10 February 2012.

Great Eastern Shipping Company to announce financial results Board meeting on 10 February 2012 The board meeting of Great Eastern Shipping Company will be held on 10 February 2012 to consider the unaudited financial results (provisional) for the quarter ended 31 December 2011 and to consider declaration of interim dividend for the financial year 2011-12, if any.

Greatship`s subsidiary cancels a shipbuilding contract for one multipurpose support vessel Great Eastern Shipping Company has announced that Greatship Global Offshore Services Pte Ltd, a Singapore incorporated subsidiary of the company`s subsidiary, Greatship (India) Ltd, has cancelled the shipbuilding contract for a multipurpose support vessel with Mazagon Dock, Mumbai (Yard No. 26775). The said cancellation is disputed by the yard.

GE Shipping delivers its VLCC to the buyers The Great Eastern Shipping Company (G E Shipping) took delivery of its 318,000 dwt Very Large Crude Carrier (VLCC) `Maneklal Ujamshi Sheth` from Hyundai Heavy Industries (HHI) South Korea and subsequently delivered the vessel to its new buyers. This vessel is one of the 3 VLCCs which the company had ordered at HHI in April 2010 and subsequently contracted to sell the same in Q1 FY12. The remaining 2 VLCCs will be delivered to the buyers between February and April 2012. The company`s current fleet stands at 34 vessels, comprising 24 tankers (9 crude carriers, 14 product carriers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsannax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.9 years aggregating 2.62 urn dwt. The company made this announcement during the trading hours today, 06 January 2012.

Great Eastern Shipping Company delivers Great Eastern Shipping Company has announced that the company has delivered its 1995 built Medium Range (MR) product carrier `Jag Pratap` (about 45,600 DWT) to the buyers. With the delivery of this vessel, the company`s current fleet stands at 34 vessels comprising 24 tankers (9 crude carriers, 14 product carriers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamasarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average of 8 years aggregating 2.62 mn dwt. The company made this announcement on 08 December 2011.

G E Shipping contracts to sell a medium range product carrier Great Eastern Shipping Company has signed a contract to sell `Jag Pratap`, a Medium Range (MR) product carrier. The 1995 built vessel of about 45,600dwt will be delivered to the buyers in Q3 FY2012. The company`s current fleet stands at 35 vessels, comprising of 25 tankers (9 crude carriers, 15 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.1 years, aggregating 2.66 million dwt.

Great Eastern Shipping Company`s director resigns With effect from 11 November 2011 K V Kamath has taken over additional responsibility as Chairman of Infosys from 21 August 2011 in addition to his being Chairman of ICICI Bank. Consequent to this, he has conveyed his inability to continue as a Director of Great Eastern Shipping Company. K. V. Kamath resigns from the board of directors of the company with effect from 11 November 2011.

Great Eastern Shipping Company delivers its general purpose product carrier `Jag Pari` Great Eastern Shipping Company has delivered its 1982 built general purpose product carrier `Jag Pari` (about 29,100 dwt) to the buyers.

G E Shipping contracts to sell a general purpose product carrier The Great Eastern Shipping (GE Shipping) has signed a contract to sell `Jag Pari`, a general purpose product carrier. The 1982 built vessel of about 29,100 deadweight tonnage (dwt) will be delivered to the buyers in Q3 FY2012. The company`s current fleet stands at 36 vessels, comprising of 26 tankers (9 crude carriers, 16 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Supramax, 1 Handymax) with an average age of 8.3 years aggregating 2.69 million dwt. The company made this announcement during the trading hours today, 03 October 2011.

G E Shipping takes delivery of new building Kamsarmax Dry Bulk Carrier The Great Eastern Shipping Company (G E Shipping) has took delivery of its new building Kamsarmax dry bulk carrier `Jag Arya`. The vessel of about 81,000 dwt was built at SPP Shipbuilding, Korea. With the induction of `Jag Arya`, the company`s fleet stands at 36 vessels, comprising 26 tankers (9 crude carriers, 16 product tankers, 1 LPG carrier) and 10 dry bulk carriers (1 Capesize, 3 Kamsarmax, 1 Panamax, 4 Suprainax, 1 Handymax) with an average age of 8.3 years aggregating 2.69 inn dwt.

Great Eastern Shipping Company to announce Q1 results Board meeting on 05 August 2011 The board meeting of Great Eastern Shipping Company will be held on 05 August 2011 to consider the unaudited financial results (provisional) for the quarter ended 30 June 2011 (Q1).

G E Shipping takes delivery of new building Supramax dry bulk carrier Great Eastern Shipping Company (G E Shipping) has taken delivery of its new building Supramax dry bulk carrier Jag Rani. The vessel of about 57,000 dwt was built at COSCO (Zhoushan) Shipyard, China. With the induction of Jag Rani, the company`s fleet stands at 35 vessels, comprising 26 tankers (9 crude carriers, 16 product tankers, 1 LPG carrier) and 9 (1 capesize, 2 kamsarmax, 1 panamax, 4 supramax, 1 handymax) dry bulk carriers with an average age of 8.6 years aggregating 2.61 mn dwt. The company`s current new building order book comprises of 1 Kamsarmax dry bulk carrier aggregating 0.08 mn dwt. The company made this announcement during the trading hours today, 08 July 2011.

Great Eastern Shipping Company delivers Suezmax crude carrier `Jag Lakshya` Great Eastern Shipping Company has announced that the company has sold and delivered its 1989 built Suezmax crude carrier `Jag Lakshya` (about 152,000 dwt) to the buyers.

Great Eastern Shipping Company recommends final dividend Of Rs 4.50 per share The board meeting of Great Eastern Shipping Company in its meeting on 06 May 2011 has recommended final dividend at the rate of Rs 4.50 per share for the financial year 2010-11.

Great Eastern Shipping Company to consider dividend Board meeting on 06 May 2011 The board meeting of Great Eastern Shipping Company will be held on 06 May 2011 to consider recommendation of dividend, if any.

G E Shipping takes delivery of new building Kamasarmax Dry bulk Carrier Great Eastern Shipping Company has announced that the company took delivery of its new building Kamsarmax dry bulk carrier Jag Aditi`. The vessel of about 80,700 dwt was built at STX Offshore & Shipbuilding Co, Koreo. The company made this announcement during the trading hours today, 29 April 2011.

Great Eastern Shipping Company to hold board meeting On 16 May 2011 The board meeting of Great Eastern Shipping Company will be held on 16 May 2011 to consider the audited accounts for the financial year ended 31 March 2011.

GE Shipping sells its 3 VLCC`s under construction The Great Eastern Shipping Company (GE Shipping) had signed a contract with Hyundai Heavy Industries (HHI), South Korea for the construction of three Very Large Crude Carriers (VLCCs) of 3,18,000 dwt each. These vessels are scheduled to be delivered between January and April 2012. The company has now entered into a contract to sell en bloc all three VLCC`s on order. These will be delivered to the new buyer immediately upon delivery from the yard. With the exit of this contract, the company`s new building order comes down to 3 dry bulk carriers (1 Supramax and 2 Kamsarmaxes).

GE Shipping takes delivery of new building supramax dry bulk carrier Great Eastern Shipping Company has took delivery of its new building Supramax dry bulk carrier `Jag Rishi`. The vessel of about 57,000 dwt was built at COSCO (Zhoushan) Shipyard, China.

Greatship takes delivery of a platform/ROV Support Vessel (ROVSV) Great Eastern Shipping Company has announced that Greatship (India), a subsidiary of the company has taken delivery of Greatship Rashi, a platform / ROV support vessel from Colombo Dockyard Plc, Sri Lanka.

Greatship`s subsidiary takes delivery of 350 feet jack up rig `Greatdrill Chetna` Great Eastern Shipping Company has announced that Greatship Global Energy Services, a Singapore incorporated subsidiary of Greatship (India), which is a subsidiary of the company took delivery of 2009 built 350 feet jack up drilling rig, `Greatdrill Chetna`. The company made this announcement after the trading hours on 03 March 2011.

G E Shipping takes delivery of new building Kamsarmax Dry Bulk Carrier Great Eastern Shipping Company has announced that the company took delivery of its new building Kamsarmax dry bulk carrier `Jag Aarati`. The vessel of about 80,700 dwt was built at STX Offshore & Shipbuilding Co, Korea.

Greatship`s subsidiary orders mobile offshore self elevating drilling rig Great Eastern Shipping Company has announced that Greatship Global Energy Services (GGES), a Singapore incorporated subsidiary of Greatship (India), a subsidiary of the company has placed an order for construction of one mobile offshore self elevating drilling rig - Letourneau Super 116 (E) with Lamprell Energy.

Great Eastern Shipping Company to announce Q3 results Board meeting on 11 February 2011 The board meeting of Great Eastern Shipping Company will be held on 11 February 2011 to consider the unaudited financial results (provisional) for the quarter ended 31 December 2010 (Q3).