Great Eastern Shipping gains as charter rates double due to war in West Asia

Great Eastern Shipping gains as charter rates double due to war in West Asia

The shipping firm is using high spot-market exposure to capitalize on increased global charter rates fuelled by the West Asia war. Its strategic fleet positioning and successful navigation of blockaded waters have driven a 27% stock rally despite a broader ma…

India's largest private shipowner, with a fleet of 40 vessels, is benefiting as global ship chartering rates surge amid the war entering its fourth week on Saturday. The Baltic Dirty Tanker Index (BD… [+4774 chars]
Great Eastern Shipping gains as charter rates double due to war in West Asia - FHMnews