Great Eastern Shipping Company announced on December 31, 2025, the acquisition of a secondhand medium range tanker with a deadweight tonnage of 51,565 DWT. The vessel, manufactured in South Korea in 2013, represents a strategic addition to the company's growing maritime fleet and will be funded entirely through internal accruals.

Fleet Expansion and Composition

Following this acquisition, the company's owned fleet will expand to 39 vessels with a comprehensive mix of maritime assets:

Acquisition Timeline and Details

The South Korean-built tanker is scheduled for integration into the operational fleet during the fourth quarter of FY26. The vessel's specifications and delivery timeline align with the company's strategic expansion objectives:

Additional Fleet Transactions

Beyond the primary tanker acquisition, Great Eastern Shipping has contracted multiple vessel transactions scheduled for completion in Q4 FY26. The company is acquiring a secondhand very large gas carrier and a secondhand Ultramax dry bulk carrier while simultaneously divesting two vessels - the Kamsarmax dry bulk carrier Jag Aarati and the very large gas carrier Jag Vishnu.

Market Performance

Shares of Great Eastern Shipping demonstrated positive market response to the fleet expansion announcement, closing higher by 2.43% at ₹1,129.00 on the NSE on December 31. The stock performance reflects investor confidence in the company's strategic fleet enhancement initiatives and operational expansion plans.

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.