G E Shipping contracts to buy a secondhand Kamsarmax Dry Bulk Carrier

The Great Eastern Shipping Company Limited (GE Shipping) has contracted to buy a secondhand Kamsarmax Dry Bulk Carrier of about 81,094 dwt on March 4, 2026. The 2014 Japanese built vessel is expected to join the Company's fleet by Q1 FY27.

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 41 vessels, comprising 27 Tankers (5 Crude Tankers, 17 Product Tankers, 5 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.25 mn dwt. The Company's current capacity utilization is close to 100%.

Additionally, the company has contracted to sell one Very Large Gas Carrier "Jag Vishnu", and this sale transaction is expected to be completed in Q4 FY26.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1354.80 as compared to the previous close of Rs. 1326.40. The total number of shares traded during the day was 61805 in over 5312 trades.

The stock hit an intraday high of Rs. 1360.95 and intraday low of 1290.00. The net turnover during the day was Rs. 82028483.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping Acquisition Kamsarmax DryBulkCarrier