Transaction Details
The Great Eastern Shipping Company Limited (GE Shipping) took delivery of a 2015-built secondhand Very Large Gas Carrier named "Jag Vikrant" on November 6, 2026. The vessel has a capacity of approximately 82,000 cubic meters. The company had originally contracted to purchase this vessel in Q3 FY27.
Financing
The acquisition was financed entirely from internal accruals, indicating no additional debt or external financing was required for this transaction.
Fleet Composition Update
Following this delivery, the company's current owned fleet stands at 42 vessels, comprising:
- 26 Tankers: 5 Crude Tankers, 16 Product Tankers, 5 LPG Carriers
- 16 Dry Bulk Carriers: 2 Capesize, 11 Kamsarmax, 1 Ultramax, 2 Supramax
The total aggregate capacity of the owned fleet is 3.38 million dwt.
Operational Performance
The company reported that its current capacity utilization is close to 100%.
Future Acquisition Plans
The company has additional vessel acquisitions in progress:
- One secondhand Kamsarmax dry bulk carrier contracted for purchase, expected to be completed in Q3 FY27
- One newbuilding Suezmax tanker under contract, scheduled for delivery in the second half of FY 2028-29