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. As of 2023, the company is the largest private sector shipping company in India.
History
The 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. As of 2023, GE Shipping has over 500 employees. The company is
publicly traded
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...
on India's two main stock exchanges, the
Bombay Stock Exchange and the
National Stock Exchange.
Business segments
GE Shipping's business is divided into two main segments, shipping and offshore. The shipping business is involved in the transportation of
crude oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...
,
petroleum product
Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. The m ...
s,
liquified gas and
dry bulk commodities. 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. GE Shipping has been certified SO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018 standards by DNV.GL.
Shipping fleet
As 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.
References
Shipping companies of India
Companies based in Mumbai
Transport companies established in 1948
Indian companies established in 1948
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange
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