GE Shipping contracts to buy a secondhand Long Range 2 Tanker

On 16th June 2026, The Great Eastern Shipping Company Limited (GE Shipping) has contracted to buy a secondhand Long Range 2 Tanker of about 110,000 dwt. The 2015 built vessel is expected to join the Company's fleet in Q2 FY27.

The proposed vessel 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 39 vessels, comprising 24 Tankers (5 Crude Tankers, 15 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.19 mn dwt. The Company's current capacity utilization is close to 100%.

Additionally, the company has contracted to buy one secondhand Medium Range Product Tanker, and this purchase transaction is expected to be completed in Q1 FY27.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1417.60 as compared to the previous close of Rs. 1384.40. The total number of shares traded during the day was 50385 in over 3405 trades.

The stock hit an intraday high of Rs. 1424.45 and intraday low of 1384.00. The net turnover during the day was Rs. 70912530.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping LongRange2Tanker Purchase