GE Shipping takes delivery of 2015 built Very Large Gas
The Great Eastern Shipping Company Limited (GE Shipping) has officially taken delivery of the “Jag Vijay,” a Very Large Gas Carrier (VLGC) built in South Korea in 2015. The vessel, which has a capacity of approximately 84,048 cubic meters, was delivered on January 16, 2026. GE Shipping had previously contracted to purchase the vessel in the third quarter of fiscal year 2026, and the acquisition was financed entirely through the company’s internal accruals.
This addition to GE Shipping’s fleet highlights the company’s ongoing commitment to expanding its operations in the maritime sector. The current owned fleet now comprises 40 vessels, including 26 tankers—five crude tankers, 16 product tankers, and five LPG carriers—as well as 14 dry bulk carriers, which include two Capesize, 10 Kamsarmax, and two Supramax vessels. The total deadweight tonnage (dwt) of the fleet stands at an impressive 3.22 million dwt, with the company achieving nearly 100% capacity utilization.
Strategic Fleet Management and Future Transactions
In addition to the delivery of the “Jag Vijay,” GE Shipping is actively managing its fleet through a series of strategic transactions. The company has contracted to acquire a secondhand Ultramax dry bulk carrier and a secondhand medium-range tanker. Concurrently, GE Shipping plans to sell one Kamsarmax dry bulk carrier, named “Jag Aarati,” and another Very Large Gas Carrier, “Jag Vishnu.” These transactions are anticipated to be finalized in the fourth quarter of fiscal year 2026.
These strategic moves reflect GE Shipping’s proactive approach to fleet management, ensuring that the company remains competitive in the dynamic shipping industry. By updating its fleet with modern vessels and divesting older units, GE Shipping aims to enhance operational efficiency and maintain its market position.
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Market Performance and Share Trading
On the stock market front, shares of The Great Eastern Shipping Company Limited were last trading on the Bombay Stock Exchange (BSE) at Rs. 1,121.40, slightly down from the previous close of Rs. 1,121.95. During the trading session, a total of 10,145 shares changed hands across 902 trades. The stock reached an intraday high of Rs. 1,124.20 and a low of Rs. 1,099.90, with a net turnover of Rs. 11,294,272.00.
As GE Shipping continues to expand its fleet and optimize its operations, stakeholders will be keenly watching the company’s performance in the coming quarters, particularly in light of its recent acquisitions and sales. The strategic decisions made now will likely play a significant role in shaping the company’s future trajectory in the maritime industry.
