Great Eastern Shipping Company

“Powered by success and driven by change”

By Geoff Uttmark

Traded: Bombay Stock Exchange & GDR
Symbol: GESCO or code 32313 (GDR symbol GEGEF)
Price: Rs 45.90. GDR = USD $3.82, ratio 5:1
URL: www.greatship.com

When other Indian shipping companies were constrained by a strait jacket of government regulation, tied in knots by uncertainty or pinned down by a weak balance sheet, Great Eastern Shipping Company of Mumbai was expanding. Thinking big when others are thinking survival is the trademark of superior management. Some shipping managers are right some of the time and some are wrong most of the time. Very few are right most of the time. That in a nutshell is why Great Eastern is now the largest and most successful shipping company in India. GESCO’s rise demonstrates that the company does indeed “… continue to be a triumph of pioneering spirit powered by success and driven by change.” The company motto is more than sloganeering as Great Eastern has consistently taken the risks and reaped the rewards of sailing uncharted waters:

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