The Great Eastern Shipping Company Limited has taken delivery of the 2015-built Long Range 2 (LR2) tanker Jag Laxman, which has a deadweight tonnage (dwt) of approximately 109,990. The vessel was contracted for purchase in Q1 FY27 and is financed entirely from internal accruals. This acquisition increases the company's owned fleet to 41 vessels, aggregating 3.35 million dwt, while maintaining a capacity utilization close to 100%.

Updated Fleet Composition

Following the addition of Jag Laxman, the company's fleet now comprises 26 tankers and 15 dry bulk carriers. The tanker segment includes 5 crude tankers, 17 product tankers, and 4 LPG carriers. The dry bulk segment consists of 2 Capesize, 10 Kamsarmax, 1 Ultramax, and 2 Supramax vessels.

Pending Divestment

The company has contracted to sell a secondhand LR2 product tanker, a transaction expected to be completed in Q2 FY27. This move aligns with the firm's strategy to manage its asset portfolio and optimize fleet composition. The exchange filing was submitted to BSE Limited and National Stock Exchange of India Limited on July 9, 2026.

The Great Eastern Shipping Company Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, disclosing environmental, social, and governance metrics verified by DNV Business Assurance India Private Limited. The report highlights the company's decarbonization efforts, including the successful bunkering of a Suezmax crude oil tanker on a B30 biofuel blend and the installation of energy-saving devices across its fleet. The company reported total Scope 1 emissions of 810,210.573 MT CO2e and total Scope 2 emissions (market-based) of 764.028 MT CO2e for the year.

Environmental Performance

The company’s total energy consumption for FY 2025-26 stood at 10,318,425.319 GJ, with energy intensity per rupee of turnover recorded at 0.000281998. Water consumption totaled 100,136.435 kilolitres, with an intensity of 0.00000274 KL per rupee of turnover. The company generated 5,556.65 m³ of waste, of which 73.56 m³ was recycled. To mitigate environmental risks, the company identified oil spills as a material issue and noted that this risk is largely covered by insurance.

Social and Governance Metrics

The company reported a workforce of 2,176 employees, comprising 304 shore staff and 1,872 floating staff. Women constituted 26.64% of the shore staff and 0.21% of the floating staff. The Lost Time Injury Frequency Rate (LTIFR) for employees was 0.31 per million person hours worked, with three total recordable work-related injuries and no fatalities. The company spent 0.09% of its total revenue on employee well-being measures. Gross wages paid to females accounted for 4.27% of total wages.

Corporate Social Responsibility

The company contributed ₹44 crore towards Corporate Social Responsibility (CSR) activities during FY 2025-26. CSR initiatives included projects in aspirational districts such as Namsai in Arunachal Pradesh and Kanker in Chhattisgarh, focusing on education, healthcare, and livelihood enhancement. The Great Eastern Foundation, a subsidiary, manages these CSR activities.

Key Financial and Operational Data