Great Eastern Shipping Expands Fleet with New Tanker Acquisition
The Great Eastern Shipping Company Limited (G E Shipping) has announced a significant expansion of its fleet by contracting to purchase a secondhand Medium Range Tanker, with a deadweight tonnage of approximately 51,565 dwt. The vessel, built in South Korea in 2013, is slated to join the company’s fleet in the fourth quarter of fiscal year 2026. This strategic acquisition is fully financed through the company’s internal resources, underscoring its commitment to growth in the maritime sector.
Fleet Expansion and Current Operations
With this latest addition, G E Shipping aims to bolster its already impressive fleet, which currently consists of 39 vessels. This includes a diverse array of 25 tankers—comprising five crude tankers, 16 product tankers, and four LPG carriers—as well as 14 dry bulk carriers, which feature two Capesize, 10 Kamsarmax, and two Supramax vessels. The total capacity of the fleet stands at an impressive 3.17 million dwt, with utilization rates nearing 100%. This high level of capacity utilization indicates strong operational efficiency and demand for the company’s shipping services.
In addition to the Medium Range Tanker, G E Shipping has also contracted to acquire a secondhand Very Large Gas Carrier and an Ultramax Dry Bulk Carrier. The company plans to sell one Kamsarmax Dry Bulk Carrier, named “Jag Aarati,” and a Very Large Gas Carrier, “Jag Vishnu.” These transactions are expected to be finalized by the end of Q4 FY26, further enhancing the company’s operational capabilities and market presence.
On the stock market, shares of The Great Eastern Shipping Company Limited were trading at Rs. 1102.40, slightly down from the previous close of Rs. 1103.75. During the trading session, a total of 16,133 shares changed hands across more than 2,301 trades, with the stock reaching an intraday high of Rs. 1107.05 and a low of Rs. 1093.25. The net turnover for the day was recorded at Rs. 17,775,667.00, reflecting active investor interest in the company’s growth trajectory.
