G E Shipping contracts to buy a Kamsarmax Dry Bulk Carrier

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to buy a Kamsarmax Dry Bulk Carrier of about 81,843 dwt on July 25, 2025. The 2015 built vessel is expected to join the Company's fleet by Q3 FY26.

The Company's current owned fleet stands at 38 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers aggregating 3.04 mn dwt. The Company's current capacity utilization is close to 100%.

The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is modernization and expansion of the fleet.

Post delivery of the vessel, we will have 39 vessels aggregating 3.13 mn dwt.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 961.25 as compared to the previous close of Rs. 975.10. The total number of shares traded during the day was 11474 in over 980 trades.

The stock hit an intraday high of Rs. 972.80 and intraday low of 947.70. The net turnover during the day was Rs. 10995776.00.

Source : Equity Bulls

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