The Great Eastern Shipping Company (G E Shipping) signed a contract to sell a 1996-built Capesize Dry Bulk Carrier "Jag Arjun". The vessel will be delivered to the buyers during the Q4 2014-15.

The company's current fleet stands at 30 vessels, comprising 21 tankers and 9 dry bulk carriers with an average age of 10.6 years aggregating 2.45 mn dwt. The current order book comprises 5 bulk carriers and one product tanker.

Shares of the company gained Rs 4.3, or 1.22%, to trade at Rs 355.60. The total volume of shares traded was 3,515 at the BSE (11.24 a.m., Monday).