Great Eastern Shipping Company (GE Shipping) has contracted to buy a secondhand Medium Range Tanker of about 49,420 dwt on April 1, 2026. The 2014 built vessel is expected to join the Company’s fleet in Q1 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 40 vessels, comprising 26 Tankers (5 Crude Tankers, 17 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.20 mn dwt. The company’s current capacity utilization is close to 100%.

Additionally, the company has contracted to buy one secondhand Kamsarmax Dry Bulk Carrier, and this purchase transaction is expected to be completed in Q1 FY27. 

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