This is a regulatory disclosure submitted to BSE Limited and National Stock Exchange of India Limited regarding the acquisition of a new vessel.
The Great Eastern Shipping Company Limited (GE Shipping) took delivery of the 2014-built Medium Range Tanker "Jag Prabhu" on June 17, 2026. The vessel has a deadweight tonnage (dwt) of approximately 49,420.
The company had originally contracted to purchase this vessel in Q1 FY27 [April-June 2026]. The acquisition was financed entirely from internal accruals, with no external financing mentioned.
Following this transaction, the company's current owned fleet now stands at 40 vessels. The fleet composition is as follows:
- 25 Tankers: 5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers
- 15 Dry Bulk Carriers: 2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax
The total aggregate capacity of the owned fleet is 3.24 million dwt. The company reports that its current capacity utilization is close to 100%.
Additionally, the company has contracted to purchase one secondhand Long Range 2 Product Tanker. This purchase transaction is expected to be completed in Q2 FY27 [July-September 2026].
The disclosure was signed by Anand Prabhakar Punde, Company Secretary, and includes a press release issued on the same date.