Great Eastern Shipping arm incorporates Greatship Oilfield

NEW DELHI: Country's largest private shipping company Great Eastern Shipping today said its arm has incorporated a new wholly-owned subsidiary Greatship Oilfield Services Ltd.

"Greatship (India) Limited (GIL), a wholly-owned subsidiary of the company (Great Eastern Shipping) has incorporated a new wholly-owned subsidiary Greatship OilfieId Services Limited," the company said in a filing to BSE.

The private shipping player has two main business -- shipping and offshore.

While the shipping business deals in transportation of crude oil, petro products, gas and dry bulk commodities, offshore services cater to oil companies carrying out offshore exploration and production activities through its subsidiary, Greatship (India) Limited.

A sizeable part of company's tankers has secured approval from oil giants like Shell, BP, Exxonmobil, Chevron, Texaco and Totalfina, its website showed.

The stock closed at Rs 340.30 on BSE, down 0.07 per cent.