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The Great Eastern Shipping Company Ltd, commonly known as GE Shipping, is one of the largest private sector shipping companies in India. Established in 1948, the company has a rich history spanning over seven decades. The company's headquarters is located in Mumbai, Maharashtra, India.
GE Shipping is primarily engaged in the transportation of oil, gas, and dry bulk commodities. The company operates a diverse fleet of vessels, including crude oil tankers, product tankers, gas carriers, and dry bulk carriers. With a fleet capacity of over 11 million deadweight tons, GE Shipping has a strong presence in both national and international shipping markets.
On a global scale, GE Shipping has established a wide network of subsidiaries, joint ventures, and partnerships. The company has subsidiaries in Singapore, London, and Dubai, among other locations. These subsidiaries cater to specific market needs in their respective regions.
In terms of market position, GE Shipping holds a significant share in the Indian shipping industry. It is a leading player in the transportation of petroleum products, with a market share of over 40% in India. The company also owns and operates the largest fleet of crude oil tankers among Indian shipping companies.
Over the years, GE Shipping has achieved several notable milestones. In 2020, the company completed the strategic divestment of its offshore business, focusing on its core activities in the transportation sector. This move aligns with the company's long-term growth strategy and reinforces its position as a leading player in the shipping industry.
As of the latest updates, GE Shipping continues to demonstrate resilience and adaptability in a challenging global shipping market. The company remains committed to capitalizing on opportunities and maintaining its leadership position in the industry. With its strong fleet, global presence, and focus on sustainable growth, GE Shipping is poised for continued success in the future
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