G E Shipping contracts to buy a secondhand Very Large Gas Carrier

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to buy a secondhand Very Large Gas Carrier of about 84,048 cbm on December 19, 2025. The 2015 South Korean built vessel is expected to join the Company's fleet in Q4 FY26.

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

The Company's current owned fleet stands at 40 vessels, comprising 26 tankers (6 Crude Carriers, 16 Product Tankers, 4 LPG carriers) and 14 Dry Bulk Carriers aggregating 3.32 Mn dwt. The Company's current capacity utilization is close to 100%.

Additionally, the company has contracted to buy one secondhand Ultramax Dry Bulk Carrier and sell one Kamsarmax Dry Bulk Carrier "Jag Aarati", and these transactions are expected to be completed in Q4 FY26. The company has also contracted to sell one Suezmax Crude Tanker "Jag Lok", and this transaction is expected to be completed in Q3 FY26.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1095.35 as compared to the previous close of Rs. 1110.85. The total number of shares traded during the day was 11192 in over 1111 trades.

The stock hit an intraday high of Rs. 1134.30 and intraday low of 1087.95. The net turnover during the day was Rs. 12514346.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping Secondhand VeryLargeGasCarrier