Great Eastern Shipping Company (GE Shipping) has contracted to buy a secondhand Kamsarmax Dry Bulk Carrier of about 81,094 dwt on March 4, 2026. The 2014 Japanese built vessel is expected to join the company’s fleet by Q1FY27. 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 41 vessels, comprising 27 Tankers (5 Crude Tankers, 17 Product Tankers, 5 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.25 mn dwt. The company’s current capacity utilization is close to 100%.

Additionally, the company has contracted to sell one Very Large Gas Carrier ‘Jag Vishnu’, and this sale transaction is expected to be completed in Q4FY26.

Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.