| Type | Public |
|---|---|
| Traded as | BSE: 500620 NSE: GESHIP |
| Industry | Shipping |
| Founded | 1948 [1] |
| Headquarters | Mumbai, Maharashtra |
| Key people | K. M. Sheth, Chairman Bharat K. Sheth, MD [2] |
| Revenue | 2,245.40 crore (US$426.63 million) [3] |
| Website | www.greatship.com |
The Great Eastern Shipping Company Limited (BSE: 500620, NSE: GESHIP) 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. The shipping business has been awarded the ISO 9001: 2000 standard certification by DNV.
G E Shipping owes its success to the foresightedness of two families - 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. From providing sea-logistics support in its initial years to venturing in tramp shipping, to diversifying into offshore oil field services, much against the industry norms, the company has often swum against the tide and in the process, turned the tides in its favour, thereby laying a path for others to follow. 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.