G E Shipping contracts to buy a Kamsarmax Dry Bulk Carrier

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to buy a Kamsarmax dry bulk carrier of about 81,922 dwt on September 2, 2025. The 2016 built vessel is expected to join the Company's fleet by Q3 FY26.

The Company's current owned fleet stands at 38 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers aggregating 3.04 mn dwt. The Company's current capacity utilization is close to 100%. In addition to this contract, the company has 1 secondhand Kamsarmax dry bulk carrier contracted to buy in July'25 and 1 Suezmax crude carrier, which was contracted to buy in Aug'25. Both these ships are also expected to join the fleet by Q3 FY26.

The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.

Post delivery of these 3 vessels, the Company will have 41 vessels aggregating 3.37 mn dwt.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 961.45 as compared to the previous close of Rs. 955.10. The total number of shares traded during the day was 4640 in over 533 trades.

The stock hit an intraday high of Rs. 973.60 and intraday low of 949.60. The net turnover during the day was Rs. 4473099.00.

Source : Equity Bulls

Keywords

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