The Great Eastern Shipping Company Limited has announced the acquisition of a secondhand Medium Range Tanker, marking another step in its fleet expansion strategy. The company contracted to purchase the vessel on December 31, 2025, with delivery expected in Q4 FY26.

Vessel Specifications and Timeline

The acquired tanker represents a significant addition to the company's maritime operations. Key details of the acquisition include:

The vessel acquisition aligns with the company's expansion objectives and will be financed entirely from internal accruals, demonstrating strong cash flow management.

Current Fleet Composition

The Great Eastern Shipping Company Limited maintains a diverse and substantial fleet across multiple vessel categories. The company's current owned fleet stands at 39 vessels with an aggregate capacity of 3.17 million dwt.

The company operates at close to 100% capacity utilization, indicating strong demand for its shipping services and efficient fleet management.

Additional Fleet Transactions

Beyond the Medium Range Tanker acquisition, The Great Eastern Shipping Company Limited has contracted several other vessel transactions scheduled for completion in Q4 FY26. These transactions include:

Acquisitions:

• One secondhand Very Large Gas Carrier
• One secondhand Ultramax Dry Bulk Carrier

Divestments:

• Sale of Kamsarmax Dry Bulk Carrier "Jag Aarati"
• Sale of Very Large Gas Carrier "Jag Vishnu"

These strategic moves demonstrate the company's active fleet optimization approach, balancing expansion with portfolio refinement to maintain operational efficiency and market responsiveness.

Great Eastern Shipping Company has signed an agreement to sell its very large gas carrier 'Jag Vishnu' as part of its ongoing fleet management strategy. The agreement was executed on December 26, 2025, with the vessel contracted for sale to an unaffiliated third party.

Vessel Sale Specifications

The 'Jag Vishnu', built in 2002, represents a significant asset in the company's gas transportation segment with substantial cargo capacity. The vessel has been operating for over two decades as part of the company's fleet operations.

Fleet Composition After Transaction

Following the completion of this sale, Great Eastern Shipping's owned fleet will stand at 39 vessels. The company's diversified fleet composition spans multiple vessel categories across different shipping segments.

Additional Fleet Transactions Planned

The company has lined up multiple fleet transactions during the same period as part of its comprehensive fleet optimization strategy. These additional transactions demonstrate the company's active approach to fleet management and capital deployment.

Great Eastern Shipping has contracted to purchase one second-hand very large gas carrier and one second-hand Ultramax dry bulk carrier. Simultaneously, the company has agreed to sell another vessel, the Kamsarmax dry bulk carrier 'Jag Aarati'. All these transactions are expected to be completed in Q4 FY26.

Strategic Fleet Optimization

The sale of 'Jag Vishnu' aligns with the company's efforts to optimize fleet composition and capital deployment across vessel segments. By disposing of older vessels while acquiring strategic assets, the company maintains its operational capacity while modernizing its fleet profile. The 23-year-old vessel's disposal represents typical industry practices of periodic fleet renewal and efficient asset management.