News ArticleThe Great Eastern Shipping Company Takes Delivery of 82,000 cbm Very Large Gas Carrier Jag Vikrant, Expanding Fleet to 42 Vessels
Transaction completed in Q3 FY27 using internal funds; company maintains near 100% capacity utilization with further vessels contracted
The Great Eastern Shipping Company Limited took delivery of the 2015-built secondhand Very Large Gas Carrier Jag Vikrant of about 82,000 cbm in Q3 FY27, financed entirely from internal accruals. This addition increases the company's owned fleet to 42 vessels with near full capacity utilization. Further fleet expansion includes a secondhand Kamsarmax dry bulk carrier and a newbuilding Suezmax tanker scheduled for FY 2028–29 delivery.
The Great Eastern Shipping Company Limited
Acquisition / Amalgamation / Merger / Demerger
The Great Eastern Shipping Company Limited added the 2015-built Very Large Gas Carrier Jag Vikrant of approximately 82,000 cbm to its fleet in Q3 FY27, funded entirely from internal accruals, increasing its owned fleet to 42 vessels.
Jag Vikrant is a secondhand vessel acquired to expand GE Shipping's capacity in the gas carrier segment. This delivery follows a contractual agreement made during Q3 FY27.
With Jag Vikrant's addition, GE Shipping's current fleet comprises 26 tankers including 5 crude tankers, 16 product tankers, and 5 LPG carriers, as well as 16 dry bulk carriers including 2 Capesize, 11 Kamsarmax, 1 Ultramax, and 2 Supramax vessels, aggregating 3.38 million deadweight tons (dwt).
The company reports a current fleet capacity utilization close to 100%.
Additionally, GE Shipping has contracted to acquire one secondhand Kamsarmax dry bulk carrier with an expected transaction completion in Q3 FY27, and a newbuilding Suezmax tanker scheduled for delivery in the second half of fiscal year 2028–29.
Highlights
- Delivery of 2015-built secondhand Very Large Gas Carrier Jag Vikrant (about 82,000 cbm) completed on 6th November 2026.
- Acquisition financed entirely from the company's internal accruals.
- Owned fleet now totals 42 vessels with a combined capacity of 3.38 million dwt.
- Current capacity utilization is close to 100%.
- Contracted to buy an additional secondhand Kamsarmax dry bulk carrier, expected in Q3 FY27.
- Newbuilding Suezmax tanker contracted, delivery slated for second half of FY 2028–29.
Key Data Snapshot
What happened
- GE Shipping took delivery of the secondhand Very Large Gas Carrier Jag Vikrant on 6th November 2026.
- The vessel is about 82,000 cbm capacity and was built in 2015.
- The acquisition was financed entirely from internal accruals.
Key details
- Post-delivery, the owned fleet comprises 42 vessels totaling 3.38 million dwt.
- The fleet includes 26 tankers (5 crude, 16 product, 5 LPG carriers) and 16 dry bulk carriers (2 Capesize, 11 Kamsarmax, 1 Ultramax, 2 Supramax).
- Current fleet capacity utilization is close to 100%.
Next milestones
- Transaction to acquire one secondhand Kamsarmax dry bulk carrier expected to complete in Q3 FY27.
- Contract for a newbuilding Suezmax tanker set for delivery during the second half of fiscal 2028–29.
Highlights
- Delivery of 2015-built secondhand Very Large Gas Carrier Jag Vikrant (about 82,000 cbm) completed on 6th November 2026.
- Acquisition financed entirely from the company's internal accruals.
- Owned fleet now totals 42 vessels with a combined capacity of 3.38 million dwt.
- Current capacity utilization is close to 100%.
- Contracted to buy an additional secondhand Kamsarmax dry bulk carrier, expected in Q3 FY27.
- Newbuilding Suezmax tanker contracted, delivery slated for second half of FY 2028–29.
Disclosures
- BSE Listing Regulations
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