Great Eastern Shipping Company took delivery of a second hand Very Large Gas Carrier Jag Vasant of about 83,270 cbm. The Company had contracted to buy the vessel in Q2 FY 19

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Great Eastern Shipping Company announced that the National Company Law Tribunal has, vide its order issued on 24 July 2018, sanctioned the Scheme of Amalgamation of Greatship Global Holdings (GGHL) with Greatship (India) (GIL), both wholly owned subsidiaries of the company . All the necessary formalities with respect to the Scheme of Amalgamation have been completed. The Scheme of Amalgamation has become operative from 01 September 2018, with the Appointed Date under the Scheme being 01 April 2017.

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Net loss of Great Eastern Shipping Company reported to Rs 245.08 crore in the quarter ended June 2018 as against net profit of Rs 103.56 crore during the previous quarter ended June 2017. Sales rose 8.17% to Rs 789.42 crore in the quarter ended June 2018 as against Rs 729.82 crore during the previous quarter ended June 2017.

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Net loss of Great Eastern Shipping Company reported to Rs 232.87 crore in the quarter ended June 2018 as against net profit of Rs 72.35 crore during the previous quarter ended June 2017. Sales rose 24.30% to Rs 569.98 crore in the quarter ended June 2018 as against Rs 458.57 crore during the previous quarter ended June 2017.

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