Great Eastern Shipping Expands Fleet with New Acquisition
The Great Eastern Shipping Company Limited (G E Shipping) has announced its decision to acquire a secondhand Very Large Gas Carrier, measuring approximately 84,048 cbm. The vessel, built in South Korea in 2015, is expected to join the company’s fleet by the fourth quarter of fiscal year 2026. This strategic move aims to bolster the company’s existing fleet, which currently consists of 40 vessels.
Details of the Acquisition and Fleet Expansion
The acquisition of the Very Large Gas Carrier will be financed entirely through internal accruals, reflecting G E Shipping’s commitment to expanding its operational capabilities. The company’s current fleet includes 26 tankers—comprising six crude carriers, 16 product tankers, and four LPG carriers—as well as 14 dry bulk carriers, totaling an impressive 3.32 million deadweight tons (dwt). With a capacity utilization rate nearing 100%, the addition of the new vessel is expected to enhance the company’s service offerings and operational efficiency.
In addition to the gas carrier acquisition, G E Shipping has also contracted to purchase a secondhand Ultramax Dry Bulk Carrier while simultaneously selling one Kamsarmax Dry Bulk Carrier named “Jag Aarati.” These transactions are anticipated to be finalized in the fourth quarter of fiscal year 2026. Furthermore, the company plans to sell a Suezmax Crude Tanker, “Jag Lok,” with the completion of this deal expected in the third quarter of fiscal year 2026. These strategic moves indicate G E Shipping’s proactive approach to fleet management and market positioning.
Market Performance and Stock Activity
On the Bombay Stock Exchange (BSE), shares of The Great Eastern Shipping Company Limited were last recorded at Rs. 1,095.35, a decline from the previous close of Rs. 1,110.85. During the trading session, a total of 11,192 shares changed hands across over 1,111 transactions. The stock reached an intraday high of Rs. 1,134.30 and an intraday low of Rs. 1,087.95, with a net turnover of Rs. 12,514,346.00. This fluctuation in stock price reflects the market’s response to the company’s ongoing fleet expansion and strategic initiatives.
As G E Shipping continues to enhance its fleet and operational capabilities, the company remains well-positioned to meet the demands of the shipping industry.
