Great Eastern Shipping Acquires Medium Range Tanker
Filing Summary
The Great Eastern Shipping Company Ltd has contracted to purchase a secondhand Medium Range Tanker with a capacity of approximately 49,420 dwt. The transaction was finalized on April 1, 2026, and the vessel, built in 2014, is expected to join the company’s fleet in the first quarter of FY27. The acquisition will be funded entirely through internal accruals. Additionally, the company has also contracted to acquire a secondhand Kamsarmax Dry Bulk Carrier, with completion anticipated in Q1 FY27. The current fleet comprises 40 vessels, with a capacity utilization close to 100%.
The Great Eastern Shipping Company Ltd has entered into a contract to purchase a secondhand Medium Range Tanker with a capacity of approximately 49,420 dwt. The transaction was completed on April 1, 2026. The vessel, which was built in 2014, is expected to be integrated into the company’s fleet in the first quarter of FY27.
The acquisition will be financed entirely from the company’s internal accruals. The purpose of this purchase is to expand the company’s fleet. Currently, the company’s owned fleet consists of 40 vessels, including 26 Tankers and 14 Dry Bulk Carriers, aggregating a total of 3.20 million dwt. The company’s capacity utilization is reported to be close to 100%.
In addition to the tanker, the company has also contracted to acquire a secondhand Kamsarmax Dry Bulk Carrier. This transaction is expected to be completed in the first quarter of FY27.
Great Eastern Shipping Company Ltd focuses on the transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company is committed to expanding its fleet to enhance its operational capabilities and maintain high capacity utilization.