• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Oct. 29

STRONG freight market sentiments have enabled Great Eastern Shipping to post a net profit of Rs 167.18 crore in the second quarter of the current fiscal, as against Rs 80.12 crore in the corresponding quarter of last fiscal, representing an increase of 109 per cent.

During the quarter, the company's income stood at Rs 497.78 crore, as against Rs 291.6 crore in the corresponding quarter of last fiscal, representing an increase of 71 per cent.

The shipping division, which contributed 77 per cent of the company's revenue, registered a 29 per cent increase in revenue days due to tonnage addition of 1.16 million DWT.

While crude carriers earned an average rate of $26,539 per day (against $18,440 per day in the corresponding quarter), the product tankers earned an average of $14,466 per day (against $12,756 per day in the corresponding quarter).

More Stories on : Shipping | Shipping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hyderabad to be Air Sahara hub

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line