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Great Eastern Shipping Company (G E Shipping) has contracted to buy a secondhand Medium Range Tanker of about 51,565 dwt on 31 December 2025. The 2013 South Korean built vessel is expected to join the Company's fleet in Q4 FY26.
The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.
The company's current owned fleet stands at 39 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 2 Supramax) aggregating 3.17 mn dwt. The Company's current capacity utilization is close to 100%.
Additionally, the company has contracted to buy one secondhand Very Large Gas Carrier, buy one secondhand Ultramax Dry Bulk Carrier, sell one Kamsarmax Dry Bulk Carrier “Jag Aarati” and sell one Very Large Gas Carrier “Jag Vishnu”. These purchase and sale transactions are expected to be completed in Q4 FY26.
Including Jag Vishnu, the company's current owned fleet stands at 39 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 2 Supramax) aggregating 3.17 Mn dwt.
Additionally, the company has contracted to buy one secondhand Very Large Gas Carrier, one secondhand Ultramax Dry Bulk Carrier and sell one Kamsarmax Dry Bulk Carrier “Jag Aarati”. These purchase and sale transactions are expected to be completed in Q4 FY26.
The 2015-built South Korean vessel is expected to join the Company’s fleet in Q4 FY26.
The company’s current owned fleet stands at 40 vessels, comprising 26 tankers (6 crude carriers, 16 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.32 million deadweight tonnage. The company’s current capacity utilization is close to 100%.
Additionally, the company has contracted to buy one secondhand ultramax dry bulk carrier and sell one kamsarmax dry bulk carrier “Jag Aarati”, and these transactions are expected to be completed in Q4 FY26.
The company has also contracted to sell oG E Shipping)ne suezmax crude tanker “Jag Lok”, and this transaction is expected to be completed in Q3 FY26.
Great Eastern Shipping Company (GE Shipping), along with its subsidiaries is a major player in the Indian shipping and oil drilling services industry.
The company's consolidated net profit rose 1.01% to Rs 581.41 crore in Q2 FY26 as against Rs 575.57 crore in Q2 FY25. Revenue from operations tanked 8.31% to Rs 1,241.78 crore as against Rs 1,354.40 crore posted in Q2 FY25.
The scrip rose 0.47% to currently trade at Rs 1100.45 on the BSE.
The Company's current owned fleet stands at 40 vessels, comprising 26 tankers (6 Crude Carriers, 16 Product Tankers, 4 LPG carriers) and 14 Dry Bulk Carriers aggregating 3.32 Mn dwt. The Company's current capacity utilization is close to 100%.
Including Jag Aarati, the company's current owned fleet stands at 40 vessels, comprising 26 tankers (6 crude tankers, 16 product tankers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 10 Kamsarmax, 2 Supramax) aggregating 3.32 mn dwt.
The company has contracted to sell one Suezmax crude tanker and this transaction is expected to be completed in Q3 FY26. Additionally, the company has contracted to buy one secondhand Ultramax dry bulk carrier and this transaction is expected to be completed in Q4 FY26.
Great Eastern Shipping Company Ltd, Havells India Ltd, Honasa Consumer Ltd, Oil India Ltd are among the other stocks to see a surge in volumes on BSE today, 12 December 2025.
HDFC Life Insurance Company Ltd recorded volume of 82.27 lakh shares by 10:46 IST on BSE, a 142.86 times surge over two-week average daily volume of 57586 shares. The stock lost 0.23% to Rs.773.45. Volumes stood at 51357 shares in the last session.
Great Eastern Shipping Company Ltd witnessed volume of 4.32 lakh shares by 10:46 IST on BSE, a 17.19 times surge over two-week average daily volume of 25101 shares. The stock increased 1.95% to Rs.1,116.70. Volumes stood at 5695 shares in the last session.
Havells India Ltd clocked volume of 1.27 lakh shares by 10:46 IST on BSE, a 13.95 times surge over two-week average daily volume of 9086 shares. The stock gained 0.07% to Rs.1,404.50. Volumes stood at 14782 shares in the last session.
Honasa Consumer Ltd clocked volume of 1.89 lakh shares by 10:46 IST on BSE, a 6.31 times surge over two-week average daily volume of 29971 shares. The stock gained 2.73% to Rs.263.50. Volumes stood at 29459 shares in the last session.
Oil India Ltd witnessed volume of 4.28 lakh shares by 10:46 IST on BSE, a 5.64 times surge over two-week average daily volume of 75918 shares. The stock dropped 0.14% to Rs.404.15. Volumes stood at 37319 shares in the last session.
The vessel had been contracted for sale in October 2025.
Post this delivery, G E Shipping’s owned fleet comprises 40 vessels, including 26 tankers — 6 crude tankers, 16 product tankers, and 4 LPG carriers — and 14 dry bulk carriers, consisting of 2 Capesize, 10 Kamsarmax, and 2 Supramax vessels, aggregating 3.32 million deadweight tonnes (dwt).
The company has also signed agreements to sell one Suezmax crude tanker and acquire a secondhand Ultramax dry bulk carrier, with both transactions expected to be completed in H2 FY26, further optimizing its fleet composition.
Great Eastern Shipping Company, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.
Great Eastern Shipping Company (GE Shipping)'s consolidated net profit rose 1.01% to Rs 581.41 crore in Q2 FY26 as against Rs 575.57 crore in Q2 FY25. Revenue from operations tanked 8.31% to Rs 1,241.78 crore as against Rs 1,354.40 crore posted in Q2 FY25.
Shares of Great Eastern Shipping Company shed 0.40% to Rs 1,096.20 on the BSE.
However, revenue from operations tanked 8.31% to Rs 1,241.78 crore as against Rs 1,354.40 crore posted in Q2 FY25.
Profit before tax (PBT) stood at Rs 600.68 crore in Q2 FY26, down 1.48%, compared to Rs 609.75 crore recorded in Q2 FY25.
Total expenses during the quarter increased 19.47% to Rs 781.10 crore, compared with Rs 970.01 crore in the year-ago quarter.
On segmental front, revenue from Liner shipping stood at Rs 1,050.71 crore (down 18.35% YoY) and revenue from offshore stood at Rs 338.23 crore (up 12.28% YoY), during the quarter.
Great Eastern Shipping Company has declared a second interim dividend of Rs 7.20 per equity share for the financial year 2025-26. The company has fixed 13 November 2025, as the record date to determine eligible shareholders. The dividend will be paid on or after 2 December 2025, the company said in a regulatory filing.
Shares of Great Eastern Shipping Company jumped 3.45% to close at Rs 1084.65 on Friday, 7 November, on the BSE.