Great Eastern Shipping Company announced significant corporate developments during its Board of Directors meeting held on January 29, 2026, followed by a comprehensive investor presentation on February 2, 2026. The company showcased its robust financial position and diversified fleet operations to analysts and investors.

Financial Results and Dividend Declaration

The Board of Directors considered and approved the unaudited financial results for the quarter ended December 31, 2025. These provisional results were accompanied by a Limited Review Report and Security Cover Certificate, with the company confirming that the results will be published in newspapers as required by regulatory guidelines.

Fleet Profile and Operations

The company operates a diversified fleet of 40 vessels with a total deadweight tonnage of 32,02,836 and an average age of 14.68 years. The fleet composition demonstrates the company's strategic positioning across multiple shipping segments.

The company also maintains an offshore fleet comprising 23 vessels including jack-up rigs, platform supply vessels, and anchor handling tug cum supply vessels with an average age of 15.47 years.

Strong Financial Performance

The investor presentation highlighted the company's transformation from peak net debt of USD 361 million to a net cash position of USD 574 million. Key financial metrics demonstrate robust performance across multiple parameters.

Governance Enhancement

In a move to strengthen its governance framework, the company designated Mr. Ranjit Pandit as Lead Independent Director effective January 29, 2026. This appointment reflects the company's commitment to enhancing its corporate governance standards and independent oversight mechanisms.

Regulatory Compliance and Communication

The announcements were made in compliance with Regulation 30 and 33 requirements, with formal communications sent to both BSE and NSE. The official communications were signed by Company Secretary Anand Punde, maintaining the company's commitment to transparency and regulatory compliance.

Great eastern shipping company has completed the delivery of its 2011-built Kamsarmax dry bulk carrier "Jag Aarati" to buyers on January 23, 2026. The vessel sale was contracted during Q3 FY26, marking another strategic fleet optimization move by the Mumbai-based shipping company.

Current Fleet Composition

Following the delivery of Jag Aarati, GE Shipping's owned fleet has been reduced to 39 vessels with an aggregate capacity of 3.14 million deadweight tonnage (dwt). The current fleet composition is strategically diversified across two main segments:

Upcoming Fleet Transactions

The company has contracted several additional vessel transactions scheduled for completion in Q4 FY26. These strategic moves demonstrate GE Shipping's continued focus on fleet modernization and optimization:

Strategic Fleet Management

The delivery of Jag Aarati represents part of GE Shipping's ongoing asset management strategy. The 2011-built Kamsarmax vessel's sale aligns with the company's approach to optimizing its dry bulk carrier segment, which currently maintains a strong presence with vessels across different size categories.

The planned transactions for Q4 FY26 indicate a balanced approach to fleet renewal, with the company simultaneously acquiring modern tonnage while divesting selected vessels. The addition of an Ultramax dry bulk carrier and a medium range tanker will enhance the company's operational capabilities in both key business segments.

Company Communication

GE Shipping announced the vessel delivery through a regulatory filing under Regulation 30, ensuring transparency with stakeholders. The company maintains its commitment to keeping investors informed about significant fleet developments and strategic transactions that impact its operational capacity and market positioning.