Great Eastern Shipping Acquires Kamsarmax Dry Bulk Carrier
Filing Summary
The Great Eastern Shipping Company Ltd has contracted to purchase a secondhand Kamsarmax Dry Bulk Carrier with a capacity of approximately 81,094 dwt. The vessel, built in 2014 in Japan, is expected to be integrated into the company’s fleet by the first quarter of FY27. This acquisition will be financed entirely through internal accruals. The company’s current fleet includes 41 vessels, and it has also contracted to sell a Very Large Gas Carrier, “Jag Vishnu,” with the transaction expected to complete in Q4 FY26.
The Great Eastern Shipping Company Ltd has contracted to acquire a secondhand Kamsarmax Dry Bulk Carrier with a capacity of approximately 81,094 dwt. The transaction was finalized on March 4, 2026. The vessel, built in 2014 in Japan, is anticipated to join the company’s fleet by the first quarter of FY27.
The acquisition will be financed entirely from the company’s internal accruals. The purpose of this acquisition is to expand the company’s fleet. Currently, the company owns 41 vessels, which include 27 tankers and 14 dry bulk carriers, aggregating a total capacity of 3.25 million dwt. The fleet’s capacity utilization is close to 100%.
Additionally, the company has contracted to sell one Very Large Gas Carrier, “Jag Vishnu.” This sale is expected to be completed in the fourth quarter of FY26.
Great Eastern Shipping Company Ltd is focused on expanding its fleet and optimizing its capacity utilization. The company operates a diversified fleet of tankers and dry bulk carriers, aiming to enhance its operational efficiency and market presence in the shipping industry.