News ArticleGreat Eastern Shipping Adds 2015 Built 81,886 dwt Kamsarmax Dry Bulk Carrier Jag Amit to Fleet
Fleet now totals 41 vessels with close to full capacity utilization; additional dry bulk and gas carriers contracted for Q3 FY27 and a newbuilding tanker due FY 2028–29
The Great Eastern Shipping Company Limited acquired the 2015 built Kamsarmax Dry Bulk Carrier Jag Amit of about 81,886 dwt in Q2 FY27 using internal accruals, expanding its owned fleet to 41 vessels with nearly 3.33 million dwt capacity and nearly 100% utilization. Further acquisitions include a secondhand Kamsarmax, a VLGC set for Q3 FY27, and a newbuilding Suezmax tanker scheduled for delivery in second half of FY 2028–29.
The Great Eastern Shipping Company Limited
Capacity Expansion
The Great Eastern Shipping Company Limited has bolstered its fleet by taking delivery of the 2015 built Kamsarmax Dry Bulk Carrier Jag Amit of about 81,886 dwt in the second quarter of fiscal year 2027, financed entirely through internal accruals.
This vessel purchase increases the company’s owned fleet to 41 vessels, consisting of 25 tankers (including crude, product, and LPG carriers) and 16 dry bulk carriers (across Capesize, Kamsarmax, Ultramax, and Supramax classes) aggregating 3.33 million dwt in capacity.
The company's current capacity utilization is nearly 100%, reflecting extensive deployment of its fleet.
Further fleet expansion plans include contracted acquisitions of a secondhand Kamsarmax dry bulk carrier and a secondhand Very Large Gas Carrier (VLGC), with both expected to complete in the third quarter of FY27.
Additionally, GE Shipping has secured a contract to acquire a newbuilding Suezmax tanker scheduled for delivery in the second half of fiscal year 2028–29.
Highlights
- Acquired 2015 built Kamsarmax Dry Bulk Carrier 'Jag Amit', approx. 81,886 dwt, in Q2 FY27.
- Fleet increased to 41 vessels totaling 3.33 million dwt capacity.
- Fleet comprises 25 tankers and 16 dry bulk carriers with near 100% utilization.
- Contracted purchase of one secondhand Kamsarmax and one VLGC expected in Q3 FY27.
- Newbuilding Suezmax tanker delivery planned for second half of FY 2028–29.
- Transaction financed entirely from internal accruals.
Key Data Snapshot
What happened
- Great Eastern Shipping took delivery of the 2015 built Kamsarmax Dry Bulk Carrier 'Jag Amit' of 81,886 dwt in Q2 FY27.
- The vessel acquisition was financed fully from internal company resources.
- This addition brings the fleet to 41 vessels aggregating 3.33 million dwt capacity.
- Fleet capacity utilization is close to 100%.
Key details
- Owned fleet comprises 25 tankers (including crude, product, LPG carriers) and 16 dry bulk carriers across several classes.
- Company contracted to buy a secondhand Kamsarmax dry bulk carrier and a secondhand Very Large Gas Carrier, both expected to complete in Q3 FY27.
- Also contracted a newbuilding Suezmax tanker that is scheduled for delivery in the second half of FY 2028–29.
Highlights
- Acquired 2015 built Kamsarmax Dry Bulk Carrier 'Jag Amit', approx. 81,886 dwt, in Q2 FY27.
- Fleet increased to 41 vessels totaling 3.33 million dwt capacity.
- Fleet comprises 25 tankers and 16 dry bulk carriers with near 100% utilization.
- Contracted purchase of one secondhand Kamsarmax and one VLGC expected in Q3 FY27.
- Newbuilding Suezmax tanker delivery planned for second half of FY 2028–29.
- Transaction financed entirely from internal accruals.
Disclosures
- BSE Listing Regulations
- SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations
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