The Great Eastern Shipping Company Limited (GE Shipping) entered into a contract on September 28, 2026 for acquisition of a new-building Suezmax Tanker
Vessel capacity: Approximately 157,000 deadweight tonnage (dwt)
Construction location: Far East by one of the world's leading shipbuilders
Scheduled delivery: Second half of FY 2028-29 (October 2028 - March 2029)
Financing and Purpose
Current financing proposal: Internal accruals
Acquisition purpose: Expansion of the fleet
Current Fleet Status
Total owned fleet: 40 vessels
Fleet composition:
Tankers: 25 vessels
Crude Tankers: 5 vessels
Product Tankers: 16 vessels
LPG Carriers: 4 vessels
Dry Bulk Carriers: 15 vessels
Capesize: 2 vessels
Kamsarmax: 10 vessels
Ultramax: 1 vessel
Supramax: 2 vessels
Total fleet capacity: 3.24 million dwt
Current capacity utilization: Close to 100%
Additional Fleet Expansion
Contracted to acquire two secondhand Kamsarmax Dry Bulk Carriers
Expected completion of transactions: Q3 FY27 (October-December 2026)
