Great Eastern Shipping

1-June-2020

Indian shipowner and operator Great Eastern Shipping is going to issue a $132 billion non-convertible debenture in 2020. Due to the coronavirus recession, Great Eastern Shipping’s bulk carrier business might be affected. However, Great Eastern Shipping has sufficient liquid investments and cash to tackle any financial issues soon. Great Eastern Shipping has reported a net loss of $6.7 million in Q1 2020. Great Eastern Shipping has reported a revenue of $139 million in Q1 2020.

India’s biggest private shipowner and operator Great Eastern Shipping has 46 tankers and bulk carriers. Furthermore, Great Eastern Shipping has 23 offshore ships. Great Eastern Shipping’s bulk carriers earned $8,321 per day in Q1 2020.

12-April-2018

Mumbai based shipowner and operator Great Eastern Shipping has fortunately raised around $45 million in a non-convertible debenture sale. Great Eastern Shipping has been throwing cash on second-hand ships in recent weeks. In March 2018, Great Eastern Shipping acquired 1996 built 36K cbm LPG carrier. Currently, Great Eastern Shipping has a diversified fleet of 16 dry bulk carriers, 3 LPG carriers, 17 Product Carriers, 12 Crude Oil Carriers.

18-January-2018

India’s biggest private dry bulk and tanker shipowner and operator Great Eastern Shipping sold 2003 built handymax dry bulk carrier 52K DWT MV Jag Rahul (ex MV Philipp Oldendorff). In 2005, Great Eastern Shipping bought MV Jag Rahul (ex MV Philipp Oldendorff) for around $38 million from another Germany’s biggest bulk shipowner Oldendorff for around $38 million. Currently, Great Eastern Shipping has a mixed fleet of 47 ships.

5-May-2017

Mumbai-based tanker and bulker shipowner Great Eastern Shipping reported a net loss of $5 million in Q1 2017. In April 217, Great Eastern Shipping bought an MR product tanker and continues buying second-hand ships. Currently, Mumbai-based tanker and bulker shipowner Great Eastern Shipping has a fleet of 29 tankers and 15 dry bulk carriers.

26-March-2017

Pacific International Lines (PIL) sold 2012 built capesize bulk carrier 180K DWT MV Pacific Capella for around $27 million. Second-hand bulk carrier prices increased last week due to an increase in BDI Baltic Dry Index. Furthermore, Germany based dry bulk shipowner and operator Conti Shipping sold 2012 Chinese built supramax dry bulk carrier 56K DWT MV Aventurin for $12 million for further trading. 2006 built supramax dry bulk carrier 55K DWT MV Sun Acapulco was sold to a Greek shipowner for around $10 million. Japanese Tsuneishi Group sold 2006 built supramax bulk carrier 52K DWT MV Tenshou Maru to Indian shipowner and operator Great Eastern Shipping.