The Great Eastern Shipping Company Limited (also known as GE Shipping) is an Indian shipping company which primarily transports liquid, gas and solid bulk products.[4] As of 2023, the company is the largest private sector shipping company in India.[5]
 | |
| Company type | Public company |
|---|---|
| BSE: 500620 NSE: GESHIP | |
| Industry | Shipping |
| Founded | 1948[1] |
| Headquarters | Worli, Mumbai, Maharashtra |
Key people | |
| Revenue | ₹42.00 billion (US$500 million)[3] |
| Website | www |
History
editThe Great Eastern Shipping Company Limited (also known as GE Shipping) was founded by the Sheth family and the Bhiwandiwalla family, who started GE Shipping to assist in expanding the reach of their trading businesses.[6] As of 2023, GE Shipping has over 500 employees.[7] The company is publicly traded on India's two main stock exchanges, the Bombay Stock Exchange and the National Stock Exchange.[8]
Business segments
editGE Shipping's business is divided into two main segments, shipping and offshore.[9] The shipping business is involved in the transportation of crude oil, petroleum products, liquified gas and dry bulk commodities.[10] The company's offshore business involves conducting offshore exploration and production services, which GE Shipping does by providing exploratory drilling rigs, offshore support vessels and other services, through its wholly owned subsidiary Greatship (India) Limited.[11] GE Shipping has been certified SO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018 standards by DNV.GL.[12]
Shipping fleet
editAs of 2022, GE Shipping has a fleet of 42 ships, which includes 8 crude tankers, 18 product carriers, 5 gas carriers and 14 dry bulk carriers.[13]
References
edit- ^ "GE SHIPPING – About Us – History". Greatship.com. Archived from the original on 11 July 2011. Retrieved 2 February 2011.
- ^ "GE SHIPPING – About Us – Board of Directors". Greatship.com. Archived from the original on 11 July 2011. Retrieved 2 February 2011.
- ^ "BSE Plus". Bseindia.com. Retrieved 2 February 2011.
- ^ Lakshmi, Aiswarya (2 April 2018). "GE Shipping to Buy Secondhand VLGC". MarineLink. Retrieved 14 November 2023.
- ^ Capital Market (10 January 2023). "GE Shipping rises after subsidiary inks deal to acquire one anchor handler". Business Standard. Retrieved 16 November 2023.
- ^ "About Us". The Great Eastern Shipping Co. Ltd. Retrieved 19 November 2023.
- ^ Mehta, Praneet (17 August 2023). "Great Eastern Shipping Company Limited | 2023". Merchant Navy Decoded. Retrieved 19 November 2023.
- ^ "Great Eastern Shipping Company Ltd". Moneycontrol. Retrieved 19 November 2023.
- ^ Moneycontrol News (4 August 2023). "GE Shipping hits 52-week high on strong Q1 earnings, selection of Keki Mistry as director". Moneycontrol. Retrieved 15 November 2023.
- ^ "Great Eastern Shipping". Forbes. Retrieved 15 November 2023.
- ^ Nagar, Anshul; Sharma, Vipula (15 November 2021). "The Great Eastern Shipping Company Ltd" (PDF). Brickwork. p. 2. Retrieved 18 November 2023.
- ^ "Business". The Great Eastern Shipping Co. Ltd. Retrieved 19 November 2023.
- ^ "The Great Eastern Shipping Q1 FY23 net up 3598 percent at Rs 457 crore - ET Infra". ET Infra. 29 July 2022. Retrieved 15 November 2023.
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