Great Eastern Shipping Company Limited announced the acquisition of a secondhand Very Large Gas Carrier as part of its ongoing fleet expansion strategy. The vessel acquisition demonstrates the company's commitment to strengthening its position in the gas transportation segment.

Vessel Acquisition Details

The company has contracted to purchase a Very Large Gas Carrier with the following specifications:

The acquisition is being financed entirely from internal accruals, reflecting the company's financial position and cash generation capabilities. The vessel is expected to join the company's operational fleet during the fourth quarter of FY26.

Current Fleet Composition

Great Eastern Shipping Company operates a diversified fleet with substantial capacity across multiple vessel categories:

The company's current capacity utilization stands at 100%, indicating strong operational efficiency and market demand for its services.

Additional Fleet Transactions

Beyond the gas carrier acquisition, Great Eastern Shipping Company has contracted several other vessel transactions scheduled for completion in the coming quarters:

Planned Acquisitions:

• One secondhand Ultramax Dry Bulk Carrier (expected completion: Q4 FY26)

Planned Disposals:

• Kamsarmax Dry Bulk Carrier Jag Aarati (expected completion: Q4 FY26)
• Suezmax Crude Tanker Jag Lok (expected completion: Q3 FY26)

These transactions represent a strategic portfolio optimization approach, allowing the company to upgrade its fleet composition while maintaining operational flexibility.

Strategic Implications

The acquisition of the Very Large Gas Carrier aligns with the company's fleet expansion objectives and positions it to capitalize on opportunities in the gas transportation market. With the current fleet operating at maximum capacity, the addition of new tonnage provides the company with enhanced operational capabilities. The use of internal accruals for financing demonstrates the company's capital management approach.

Great Eastern Shipping Company has announced the contract sale of one of its dry bulk carriers to an unaffiliated third party. The transaction involves the 2011-built Kamsarmax dry bulk carrier named 'Jag Aarati'.

Transaction Details

The key parameters of this vessel sale are outlined below:

Fleet Composition Impact

Following the completion of this sale, Great Eastern Shipping Company's fleet will be reduced to 40 vessels. The delivery of the vessel is expected to take place during the fourth quarter of FY26, marking the completion of this divestment transaction.

Strategic Implications

The sale represents a strategic fleet management decision by the shipping company, involving the disposal of a vessel that has been in service for over a decade. Kamsarmax class vessels are typically used for transporting dry bulk commodities and represent a significant segment of the global dry bulk shipping market.