G E Shipping contracts to buy an Ultramax Dry Bulk Carrier

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to buy an Ultramax dry bulk carrier of about 63,500 dwt on October 30, 2025. The 2019 Japanese built vessel is expected to join the Company's fleet by Q4 FY26.

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

The Company's current owned fleet stands at 41 vessels, comprising 27 tankers (6 crude carriers, 17 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.37 mn dwt. The Company's current capacity utilization is close to 100%. The company has contracted to sell one of its Suezmax crude tanker and one Medium Range product tanker. These two sale transactions are expected to happen in Q3 FY26.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1083.00 as compared to the previous close of Rs. 1075.30. The total number of shares traded during the day was 26009 in over 1997 trades.

The stock hit an intraday high of Rs. 1089.95 and intraday low of 1067.10. The net turnover during the day was Rs. 28099552.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping Acquisition Ultramax DryBulkCarrier