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Great Eastern Shipping Company took delivery of 2013 South Korean built Medium Range Tanker “Jag Pranesh” of about 51,565 dwt on 24 February 2026. The company had contracted to buy the vessel in Q3 FY26. This vessel is financed entirely from internal accruals.
After this transaction, the company's current owned fleet stands at 41 vessels, comprising 27 Tankers (5 Crude Tankers, 17 Product Tankers, 5 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.25 mn dwt. The Company's current capacity utilization is close to 100%.
Additionally, the company has contracted to sell one Very Large Gas Carrier “Jag Vishnu”. This sale transaction is expected to be completed in Q4 FY26.
After this transaction, the company's current owned fleet stands at 40 vessels, comprising 26 Tankers (5 Crude Tankers, 16 Product Tankers, 5 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.20 mn dwt. The Company's current capacity utilization is close to 100%.
Additionally, the company has contracted to buy one secondhand Medium Range Tanker and sell one Very Large Gas Carrier “Jag Vishnu”. These purchase and sale transactions are expected to be completed in Q4 FY26.
Great Eastern Shipping Company (GE Shipping) delivered its 2011 built Kamsarmax Dry Bulk Carrier “Jag Aarati” to the buyers. The vessel was contracted for sale in Q3 FY26.
After this transaction, the company's current owned fleet stands at 39 vessels, comprising 26 Tankers (5 Crude Tankers, 16 Product Tankers, 5 LPG Carriers) and 13 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 2 Supramax) aggregating 3.14 mn dwt.
Additionally, the company has contracted to buy one secondhand Ultramax Dry Bulk Carrier, buy one secondhand Medium Range Tanker, and sell one Very Large Gas Carrier “Jag Vishnu”. These purchase and sale transactions are expected to be completed in Q4 FY26.
Great Eastern Shipping Company (GE Shipping) took delivery of 2015 South Korean built Very Large Gas Carrier “Jag Vijay” of about 84,048 cbm on January 16, 2026. The company had contracted to buy the vessel in Q3 FY26. This vessel is financed entirely from internal accruals.
The company's current owned fleet stands at 40 vessels, comprising 26 Tankers (5 Crude Tankers, 16 Product Tankers, 5 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 2 Supramax) aggregating 3.22 mn dwt. The Company's current capacity utilization is close to 100%.
Additionally, the company has contracted to buy one secondhand Ultramax Dry Bulk Carrier, buy one secondhand Medium Range Tanker, 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.
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.