G.E. Shipping Company Profile: Products, Promoters and Clients
G.E. Shipping Company Description:
Great Eastern Shipping Company Ltd, along with its subsidiaries, is a prominent player in the Indian shipping and oil drilling services industry.
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Q1.What are the Products and Service offerings of the G.E. Shipping?
Founded in 1948 with the purchase of a Liberty ship, Great Eastern Shipping (GES) has grown to become India’s largest private sector shipping company as of FY24. They own and operate 43 ships and 23 offshore assets.
Business Segments
- Shipping Business: This division handles the transportation of crude oil, petroleum products, gas, and dry bulk commodities.
- Offshore Business: Through its wholly-owned subsidiary Greatship India Ltd, the company provides offshore oilfield services, which include owning and operating offshore supply vessels and mobile offshore drilling rigs.
Q2.Who are the Promoters of the G.E. Shipping?
MR. MANEKLAL UJAMSHI MULJI
Maneklal Ujamshi Mulji was involved in textile business and later, in the establishment of an efficient network for the distribution of sugar. He was a man known for his organizing capability. His role in the efficient distribution of sugar along with his brother Jagjivan had earned him the sobriquet of 'Sugar King'. He supported and helped Jagjivan, in establishing G E Shipping in its initial years.
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MR. ARDESHIR HORMUSJI BHIWANDIWALLA
Ardeshir Hormusji Bhiwandiwalla, the financing partner of the Ujamshi brothers supported the initial endeavours of the Sheth brothers as sugar traders and together they emerged as the largest sugar-importing firm in India. He helped G E Shipping grow right from the acquisition of its first ship to its transformation into a reputed firm.
The propelling force of G E Shipping as its first Chairman from 1948-1973, the company honoured him by embossing his initials AHB on the company's house flag and funnel of all its vessels.
Q3.Who are the Clients of the G.E. Shipping?
Great Eastern marine provides services to a diverse clientele in the marine and offshore sectors.
Oil companies: They transport petroleum products, petrol and crude oil.
Shipments of goods are made to refineries.
Producers and Manufacturers: They support the movement of goods and resources for various producers and manufacturers.
Mining companies: They provide dry bulk goods to mining companies.
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