G E Shipping Expands Fleet with New Kamsarmax Dry Bulk Carrier

The Great Eastern Shipping Company Limited (G E Shipping) has signed a deal to purchase a Kamsarmax dry bulk carrier of around 81,922 dwt, built in 2016. The ship is expected to join its fleet by the third quarter of FY26.

Current Fleet Strength

At present, G E Shipping owns 38 vessels, which include 26 tankers (5 crude carriers, 17 product tankers, and 4 LPG carriers) and 12 dry bulk carriers, with a total capacity of 3.04 million dwt. The company’s fleet is operating at almost full capacity.

Other Upcoming Deliveries

In addition to this acquisition, G E Shipping had previously signed contracts for a secondhand Kamsarmax dry bulk carrier in July 2025 and a Suezmax crude carrier in August 2025, both expected to join the fleet by Q3 FY26.

Financing the Deal

The newly acquired vessel will be funded entirely through the company’s internal accruals, reflecting its strong financial position. The move is aimed at expanding its fleet to meet growing demand.

Post-Delivery Outlook

Once all three vessels are delivered, G E Shipping’s total fleet size will increase to 41 vessels, with an aggregate capacity of 3.37 million dwt.

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GE Shipping Share Price Movement

As of September 3, 2025, at 9:20 am IST, Great Eastern Shipping Company share price (NSE: GESHIP) was trading at ₹957.40, down ₹3.20 (0.33%) from the previous close. The stock opened at ₹955.00, touched a high of ₹959.00 and a low of ₹953.00. The company has a market capitalisation of ₹13,250 crore, a P/E ratio of 6.72, and offers a dividend yield of 2.92%. Its 52-week high is ₹1,365.00, while the 52-week low stands at ₹797.50, with a quarterly dividend of ₹6.99 per share.

Conclusion

G E Shipping’s steady fleet expansion highlights its growth strategy and ability to self-finance acquisitions. With 3 new vessels joining by FY26, the company is strengthening its market presence and boosting operational capacity.
 

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