Thursday, November 22, 2007

Into Unchartered Waters!!!

Fundamentals
GE Shipping,was incorporated in 1948 at Mumbai. The company has been promoted by A H Bhiwandiwalla & Co. (Mumbai) Pvt. Ltd. The main activities of the company to own, purchase, charter ships, boats & sea going vessels.

GE Shipping is India’s largest private sector shipping company,enjoying a formidable presence in the international maritime industry. The shipping business operates under two main businesses: dry bulk carriers and tankers. A sizeable part of the tankers enjoy approvals from oil giants like SHELL, BP, EXXONMOBIL,..etc.

The Company operates regular cargo services on the Indian coast and carries mineral,oil products on the Indian coast under charter. It also carries on overseas liner service between west coast of Canada, U.S.A. and India.

GE Shipping also acts as agents for foreign shipping companies amongst whom the important ones are Yasmashita-Shinnihom Steamship Co., Ltd., Tokyo and Stanhope Steamship Co. Ltd., London.

Backed by an enviable clientele comprising industry leaders, international oil companies and governments who vouch for its services, GE Shipping has earned the status of being the most preferred shipping service provider.

Increased demand from China, for commodities like iron ore, steel, copper and aluminum has resulted in increased demand for ships that specialise in carrying such cargo. This consequently, has resulted in a surge in dry bulk freight rates.

The average age of the GE shipping fleet is around 14.5years.While the average age of the Indian shipping fleet is around 18.9 years.Competition is price based. However, companies with younger fleet command a premium.

The world’s largest natural gas reserves are concentrated in the Middle East and North Africa, while major consumption centers are China, Japan, Europe, the US and India.

The sharp increase in domestic refining capacity and a pick up in oil exploration activity will benefit the offshore shipping lines as demand for their services picks up. As a result of the commissioning of large domestic refining capacities, the import of crude is expected to jump in the future.

Increased demand in global oil in Emerging Economies like China,india and North America,has led to demand for tankers and its freight rates in 2007.This has benefited shipping majors like GE Shipping,Shipping Corp of India,Varun shipping,essar shipping.

Corporate Information,Financial Results&Shareholding Pattern


Technicals

The stock has good support,has been trading above the 200-day moving average,through the year with less volatility,it is one of finest and steady stocks which has given 100% absolute returns during past 5-6 months alone.

Small and long term Investors can have this wonderful stock in their portfolio with 2 year hold for target of 100-200% appreciation.
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