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Great Eastern Shipping Subsidiary GOSL Dissolved by NCLT

Great Eastern Shipping Company's subsidiary, Greatship Oilfield Services Limited (GOSL), has been dissolved as per a National Company Law Tribunal (NCLT) order. GOSL, a wholly owned subsidiary of Greatship (India) Limited (GIL), had no revenue and a net worth of ₹17.73 lakhs as of March 31, 2025. The voluntary liquidation process, initiated in April 2025, has now been completed, streamlining Great Eastern Shipping's corporate structure.

19Dec 25

Great Eastern Shipping Acquires Used Gas Carrier for Q4 FY26 Delivery

Great Eastern Shipping Company has announced the acquisition of a used Very Large Gas Carrier (VLGC), set to join its fleet in Q4 FY26. This purchase enhances the company's gas transportation capabilities and aligns with its fleet modernization strategy. The VLGC will strengthen Great Eastern's position in the liquefied petroleum gas transportation sector.

19Dec 25

The Great Eastern Shipping Company Acquires Very Large Gas Carrier for Fleet Expansion

Great Eastern Shipping Company Limited has contracted to purchase a secondhand Very Large Gas Carrier with a capacity of 84,048 cbm, expected to be delivered in Q4 FY26. The acquisition, financed through internal accruals, is part of the company's fleet expansion strategy. The company currently operates a fleet of 40 vessels totaling 3.32 million dwt, including tankers, dry bulk carriers, and LPG carriers. Additional fleet transactions include the planned acquisition of an Ultramax Dry Bulk Carrier and the disposal of a Kamsarmax Dry Bulk Carrier and a Suezmax Crude Tanker.

18Dec 25

Great Eastern Shipping Contracts Sale of Kamsarmax Dry Bulk Carrier 'Jag Aarati'

Great Eastern Shipping Company has announced the sale of its 2011-built Kamsarmax dry bulk carrier, 'Jag Aarati', to an unaffiliated third party. The vessel is expected to be delivered to the buyer in Q4 FY26. After the sale, Great Eastern Shipping's fleet will be reduced to 40 vessels.

12Dec 25

Great Eastern Shipping Company Executes ₹78.23 Crore NSE Block Trade

Great Eastern Shipping Company conducted a significant block trade on the National Stock Exchange (NSE). The transaction involved 707,304 shares at ₹1,106.00 per share, totaling ₹78.23 crores. This large-volume trade, typically executed by institutional investors, indicates substantial market interest in the company's stock and demonstrates liquidity in the shares.

20Nov 25

GE Shipping Delivers Medium Range Product Tanker 'Jag Pooja' to Buyers

Great Eastern Shipping Company Limited (GE Shipping) has delivered its 2005-built Medium Range Product Tanker 'Jag Pooja' to buyers. The company's owned fleet now consists of 40 vessels, including 6 crude tankers, 16 product tankers, 4 LPG carriers, and 14 dry bulk carriers, totaling 3.32 million deadweight tonnage. GE Shipping has also contracted to sell one Suezmax crude tanker and purchase one secondhand Ultramax dry bulk carrier, with these transactions expected to complete in the second half of fiscal year 2026.

07Nov 25

Great Eastern Shipping Announces Leadership Transition: K.M. Sheth Steps Down After 73 Years

Great Eastern Shipping Company, India's largest private sector shipping company, has announced significant leadership changes effective November 9, 2025. K.M. Sheth, after 73 years with the company, is stepping down as Non-Executive Chairman and will be appointed 'Chairman Emeritus' for life. Bharat K. Sheth, currently Deputy Chairman and Managing Director, will be re-designated as 'Chairman and Managing Director'. The company has also declared a second interim dividend of Rs. 7.20 per share for the fiscal year 2025-26.

07Nov 25

Great Eastern Shipping Revises Q2 FY26 Presentation; Reports Mixed Results

Great Eastern Shipping issued a revised investor presentation for Q2 FY26 after identifying errors in the original document. The company reported normalized consolidated net profit of ₹525 crores, down from ₹623 crores in Q2 FY25, while declaring its 15th consecutive quarterly dividend of ₹7.20 per share and completing a significant leadership transition with Mr. Bharat K. Sheth becoming Chairman and Managing Director.

30Oct 25

Great Eastern Shipping Expands Fleet with New Suezmax Crude Carrier and Plans Ultramax Dry Bulk Carrier Purchase

Great Eastern Shipping Company has acquired a Suezmax crude carrier named 'Jag Laadki', built in 2010 with a capacity of 164,716 DWT. The company has also signed an agreement to purchase an Ultramax dry bulk carrier. These additions bring the company's total fleet size to 41 vessels. The Suezmax acquisition was financed entirely through internal funds, demonstrating the company's strong financial position.

17Oct 25

Great Eastern Shipping Sells Tanker Jag Pooja, Fleet Size Reduced to 40 Ships

Great Eastern Shipping Company has announced the sale of its 2005-built tanker vessel, Jag Pooja, to an unrelated buyer. The vessel is expected to be delivered to the new owner in Q3 FY26. This transaction reduces the company's fleet size from 41 to 40 vessels. The financial terms and specific reasons for the sale were not disclosed.

14Oct 25

Great Eastern Shipping Expands Fleet with Delivery of Kamsarmax Dry Bulk Carrier 'Jag Anjali'

Great Eastern Shipping Company Limited has taken delivery of 'Jag Anjali', a Kamsarmax Dry Bulk Carrier built in 2016 with a capacity of 81,922 dwt. The vessel was acquired using internal funds. This addition brings G E Shipping's total fleet to 40 vessels, including 26 tankers and 14 dry bulk carriers, with a total capacity of 3.21 million dwt. The company also plans to purchase a Suezmax crude tanker and sell another, with both transactions expected to complete by Q3 FY26.

22Sept 25

Great Eastern Shipping Expands Fleet with New Kamsarmax Dry Bulk Carrier 'Jag Amol'

Great Eastern Shipping Company has taken delivery of 'Jag Amol', a Kamsarmax Dry Bulk Carrier built in 2015 with a capacity of 81,843 dwt. The acquisition was funded through internal accruals. The company's fleet now totals 39 vessels, including 5 crude carriers, 17 product tankers, 4 LPG carriers, and 13 dry bulk carriers, with a combined capacity of 3.13 million dwt. Great Eastern Shipping has also contracted to purchase one secondhand Kamsarmax dry bulk carrier and one secondhand Suezmax crude tanker, while planning to sell one secondhand Suezmax crude tanker.

18Sept 25

Great Eastern Shipping Grants Rs 425 Crore Loan to Subsidiary Greatship India

Great Eastern Shipping Company has extended a term loan of Rs 425 crores to its wholly owned subsidiary, Greatship (India) Limited (GIL). The loan, with a 7.50% annual interest rate and 2.5-year term, is intended to refinance GIL's existing External Commercial Borrowing of USD 70.90 million. The unsecured loan includes a prepayment option and is conducted on an arm's length basis, with no promoter interest involved.

15Sept 25

GE Shipping Completes Jag Lok Delivery, Fleet Stands at 39 Vessels Worth 3.17mn dwt

Great Eastern Shipping has successfully delivered its 2005-built Suezmax crude tanker Jag Lok to buyers, completing a sale transaction originally contracted in September 2025. The company's fleet now comprises 39 vessels with 3.17 million dwt capacity, including 25 tankers and 14 dry bulk carriers. Additional fleet transactions involving purchase of gas and dry bulk carriers and sale of Jag Aarati are scheduled for Q4 FY26.

25Aug 25

Great Eastern Shipping Expands Fleet with Suezmax Crude Carrier Acquisition

Great Eastern Shipping Company has contracted to purchase a Suezmax Crude Carrier, expanding its fleet. The vessel, built in 2010 with a deadweight of approximately 164,715 dwt, is expected to be delivered in Q3 FY26. This acquisition, financed through internal accruals, will increase the company's total fleet to 40 vessels and aggregate capacity to 3.29 million dwt upon delivery. The company's current fleet of 38 vessels includes 26 tankers and 12 dry bulk carriers, with a total capacity of 3.04 million dwt. This strategic move aims to enhance operational capabilities and market position in the crude oil transportation sector.

18Aug 25

GE Shipping May Gain Infrastructure Status, Easing Funding Access

Great Eastern Shipping Company (GE Shipping) is reportedly close to receiving infrastructure status, a move that could significantly improve funding accessibility for shipping companies in India. This potential change could lead to easier access to financing, more favorable lending terms, and reduced capital costs for GE Shipping and possibly other shipping enterprises. The development signals a growing recognition of the shipping industry's crucial role in India's economic infrastructure and could set a precedent for the broader sector, potentially accelerating growth and modernization efforts across the Indian shipping industry.

06Aug 25

Great Eastern Shipping Reports Q1 FY26 Results, Declares 14th Consecutive Interim Dividend

Great Eastern Shipping announced Q1 FY26 results, declaring a 14th consecutive interim dividend of Rs. 7.20 per share, representing a 27% payout. Net profit declined year-over-year but improved from Q4 FY25. The company faced mixed market conditions across segments, with crude tankers, product tankers, and bulk carriers experiencing lower rates compared to Q1 FY25, while LPG ships saw an increase. The company maintains a strong financial position with significant net cash. All offshore rigs have secured contracts, with two starting after the monsoon season. Management expects challenging market conditions to persist but remains strategically flexible with 80% of the fleet in the spot market.

01Aug 25

Great Eastern Shipping Reappoints Key Directors and Alters Articles of Association

Great Eastern Shipping Company held its 77th AGM on August 1, 2025. Shareholders approved reappointments of Mr. Ravi K. Sheth as Director, Mr. Shivshankar Menon as Independent Director, Mr. Bharat K. Sheth as Managing Director, and Mr. G. Shivakumar as Executive Director. The company altered Article 92(1) of its Articles of Association, exempting Mr. Bharat K. Sheth from retirement by rotation. M/s. Mehta & Mehta were appointed as Secretarial Auditors. All resolutions passed with overwhelming shareholder support, with approval rates ranging from 94.67% to 99.98%.

31Jul 25

Great Eastern Shipping Reports Rs 505 Crore Net Profit in Q1, Declares Rs 7.20 Interim Dividend

Great Eastern Shipping Company Limited (GE Shipping) reported a consolidated net profit of Rs 505.00 crore for Q1. The company's consolidated revenue stood at Rs 1,337.00 crore, with an EBITDA of Rs 778.00 crore. An interim dividend of Rs 7.20 per equity share was declared. The shipping segment generated revenue of Rs 994.21 crore, while the offshore segment contributed Rs 350.41 crore. GE Shipping plans to acquire a Kamsarmax Dry Bulk Carrier and has approved a term loan of up to Rs 425.00 crores to its subsidiary, Greatship (India) Limited.

31Jul 25

Great Eastern Shipping Reports Q1 Earnings Decline, Declares Interim Dividend

Great Eastern Shipping Company Limited (GE Shipping) reported a 37.9% drop in Q1 consolidated net profit to Rs. 504.50 crore, with total income declining 21.5% to Rs. 1,336.88 crore. Despite the earnings decline, the company declared an interim dividend of Rs. 7.20 per share. The shipping segment saw revenue fall, while the offshore segment reported an increase. GE Shipping maintains a strong financial position with a negative net debt to equity ratio of -0.41, indicating robust liquidity. The company also announced plans to purchase a Kamsarmax Dry Bulk Carrier and approved a term loan to its subsidiary.

31Jul 25

Great Eastern Shipping Reports Q1 Net Profit of INR 505 Crores, Declares INR 7.20 Interim Dividend

Great Eastern Shipping Company Limited (GE Shipping) reported a decline in Q1 performance compared to last year. Revenue dropped to INR 1,337.00 crores from INR 1,703.00 crores, while net profit decreased to INR 505.00 crores from INR 812.00 crores. Despite the downturn, the company declared its 14th consecutive quarterly interim dividend of INR 7.20 per equity share. Segment-wise, both shipping and offshore operations saw reduced revenue days. Time Charter Yields showed mixed results with LPG carriers improving by 19% year-over-year, while crude and product carriers declined by 27% and 33% respectively.

25Jul 25

GE Shipping Expands Fleet with Acquisition of 2015-Built Kamsarmax Dry Bulk Carrier

Great Eastern Shipping Company Limited has contracted to acquire a Kamsarmax dry bulk carrier of approximately 81,843 dwt, built in 2015. The vessel is expected to join the fleet by Q3 FY2026, financed entirely from internal accruals. This acquisition will increase G E Shipping's fleet to 39 vessels with a total capacity of 3.13 million dwt, up from the current 38 vessels and 3.04 million dwt. The company's Board of Directors is scheduled to meet on July 31, 2025, to consider Q1 FY2026 financial results.

25Jul 25

Great Eastern Shipping Expands Fleet with Kamsarmax Dry Bulk Carrier Purchase

Great Eastern Shipping Company Limited (G E Shipping) has contracted to purchase a Kamsarmax Dry Bulk Carrier with a capacity of approximately 81,843 deadweight tonnage (dwt), built in 2015. The vessel is expected to join the fleet by the third quarter of FY26, increasing the company's total fleet to 39 vessels with a capacity of 3.13 million dwt. The acquisition will be financed through internal accruals. G E Shipping's Board of Directors will meet on July 31, 2025, to consider the financial results for the quarter ended June 30, 2025, with an earnings call scheduled for August 1, 2025.

09May 25

Great Eastern Shipping: Q4 Profit Plunges 60%, Declares Dividend

Great Eastern Shipping Co. reported a 60% decrease in consolidated net profit for Q4 FY2025, falling to ₹363.00 crore. Revenue declined by 18.30% to ₹1,223.00 crore. Despite financial challenges, the company declared a fourth interim dividend of ₹5.40 per equity share. The board also approved re-appointments of key directors.

21Feb 25

Great Eastern Shipping Delivers 'Jag Rishi' Supramax Dry Bulk Carrier

Great Eastern Shipping Company has announced the delivery of its 2011-built Supramax dry bulk carrier, 'Jag Rishi'. This move could indicate either a potential sale or the end of a long-term charter agreement. The delivery is likely to impact the company's fleet composition and reflects active fleet management in response to current market conditions in the dry bulk shipping sector.