G E Shipping contracts to buy Kamsarmax Dry Bulk Carrier
The 2015 built vessel is expected to join the company’s fleet by Q3 FY26
The Great Eastern Shipping Company (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, the company will have 39 vessels aggregating 3.13 mn dwt.
Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.
