Great Eastern Shipping Company received an overall ESG score of 61 from Niche Ninety Nine Capability and Certifications (OPC) Private Limited. The rating provider, which is registered with the Securities and Exchange Board of India (SEBI), assigned the score on September 18, 2026.

The company clarified that it did not engage Niche Ninety Nine for this assessment. The rating agency independently assigned the score based on data available in the public domain.

Rating Details

Great Eastern Shipping informed both the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the intimation. The disclosure was signed by Anand Punde, the company secretary.

Great Eastern Shipping Company has contracted to acquire a secondhand Kamsarmax dry bulk carrier with a deadweight tonnage of 81,609 DWT. The 2019-built vessel is scheduled to join the company's fleet in Q3FY27, financed entirely from internal accruals.

Vessel acquisition details

The following table summarises the key parameters of the acquisition:

The Kamsarmax class represents a segment of large dry bulk carriers designed to transit the Port of Kamsar in Guinea, typically characterised by their capacity to handle bulk commodities such as coal, grain, and other dry cargo. The 2019 build year places the vessel among relatively modern tonnage within this vessel class.

Fleet expansion context

The induction of this vessel marks an addition to Great Eastern Shipping Company's dry bulk fleet. The acquisition reflects the company's continued engagement in expanding its shipping capacity through the procurement of modern dry bulk tonnage.

The company's current owned fleet stands at 40 vessels, aggregating 3.24 mn dwt. This comprises:

• 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers)
• 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax)

The company reported its current capacity utilization is close to 100%.

Additionally, the company has contracted to acquire one additional secondhand Kamsarmax Dry Bulk Carrier, with that transaction also expected to be completed in Q3FY27.