The Great Eastern Shipping Company Limited (GE Shipping) has formally notified the stock exchanges regarding the delivery of a newly acquired vessel. This disclosure follows up on the company's previous communication dated August 07, 2026.
Key Transaction Details
- Vessel Delivered: 2015 built Kamsarmax Dry Bulk Carrier named "Jag Amit"
- Delivery Date: November 4, 2026
- Deadweight Tonnage (DWT): 81,886 dwt
- Contract Timing: The vessel purchase was contracted during Q2 of FY27 [July-September 2026]
- Financing: The acquisition was financed entirely from internal accruals
Current Fleet Status Post-Acquisition
- Total Owned Fleet: 41 vessels
- Tankers: 25 vessels
- Crude Tankers: 5
- Product Tankers: 16
- LPG Carriers: 4
- Dry Bulk Carriers: 16 vessels
- Capesize: 2
- Kamsarmax: 11
- Ultramax: 1
- Supramax: 2
- Total Fleet Capacity: 3.33 million dwt
- Capacity Utilization: Close to 100%
Future Acquisition Plans
The company has additional vessel acquisitions in progress:
- One secondhand Kamsarmax dry bulk carrier
- One secondhand Very Large Gas Carrier (VLGC)
- Expected Completion: Both transactions expected to be completed in Q3 FY27 [October-December 2026]
Additionally, the company has entered into a contract for:
- One newbuilding Suezmax tanker
- Scheduled Delivery: Second half of FY 2028-29 [October 2028-March 2029]