Great Eastern Shipping

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The Great Eastern Shipping Company Limited
Public company
Traded asBSE500620
NSEGESHIP
IndustryShipping
Founded1948[1]
HeadquartersWorli, Mumbai, Maharashtra
Key people
K. M. Sheth (Chairman)
Bharat K. Sheth, (MD)[2]
Revenue22.45 billion (US$310 million)[3]
Websitewww.greatship.com

The Great Eastern Shipping Company Limited is India's largest private sector shipping company which mainly transports liquid, gas and solid bulk products. The company has two main business, shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business; services the oil companies in carrying out offshore exploration and production activities through its wholly owned subsidiary Greatship (India) Limited, which has its corporate headquarters in Mumbai. The shipping business has been awarded the ISO 9001: 2000 standard certification by DNV.

G E Shipping was founded by the Sheths and the Bhiwandiwallas, who started their own shipping line to help expand the reach of their trading businesses. In 1948, after obtaining the mothballed Liberty ship, SS Fort Elice, G E Shipping began its maiden voyage under the entrepreneurial genius of Vasant J. Sheth and steered ahead confidently, tasting new waters and exploring new avenues. As of 2007 it had some 944 employees including sailing staff.[4] It is listed on India's two main stock exchanges i. e. the Bombay Stock Exchange and the National Stock Exchange.

References[edit]

  1. ^ "GE SHIPPING - About Us - History". Greatship.com. Retrieved 2 February 2011.
  2. ^ "GE SHIPPING - About Us - Board of Directors". Greatship.com. Retrieved 2 February 2011.
  3. ^ "BSE Plus". Bseindia.com. Retrieved 2 February 2011.
  4. ^ "Great Eastern Shipping Ltd. (The) Company Profile - 500620 INDIA Market Size, Market Share and Demand Forecast". Wrightreports.ecnext.com. 31 March 2010. Retrieved 2 February 2011.