Key Transaction Details

  • The Great Eastern Shipping Company Limited took delivery of the 2015 built Long Range 2 Tanker "Jag Laxman" on July 9, 2026.
  • The vessel has a deadweight tonnage (dwt) of approximately 109,990 tons.
  • The company had contracted to buy this vessel in Q1 FY27 (April-June 2026 quarter).
  • The acquisition was financed entirely from internal accruals, with no external financing mentioned.

Fleet Composition Update

After this transaction, the company's current owned fleet stands at 41 vessels, comprising:

  • 26 Tankers: 5 Crude Tankers, 17 Product Tankers, 4 LPG Carriers
  • 15 Dry Bulk Carriers: 2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax
  • Total fleet capacity: 3.35 million dwt
  • Current capacity utilization: close to 100%

Pending Transaction

  • The company has contracted to sell one secondhand Long Range 2 Product Tanker.
  • This sale transaction is expected to be completed in Q2 FY27 (July-September 2026 quarter).