Great Eastern Shipping Signs Deal to Buy Suezmax Crude Carrier; Share Price in Focus

The Great Eastern Shipping Company Limited (GE Shipping) has signed a contract to purchase a Suezmax crude carrier built in 2010, as per the exchange filing. The vessel, with a deadweight tonnage (dwt) of about 164,715, was contracted on August 25, 2025. Delivery is expected by the Q3FY26.

Fleet Composition

The company currently owns 38 vessels. This includes 26 tankers, of which 5 are crude carriers, 17 are product tankers, and 4 are LPG carriers. In addition, GE Shipping has 12 dry bulk carriers. Together, these vessels make up a total capacity of 3.04 million dwt. Present capacity utilisation is close to 100 per cent.

Pending Deliveries

In July 2025, GE Shipping contracted a secondhand Kamsarmax dry bulk carrier. That ship is also scheduled for delivery in Q3 FY26. Once both vessels are added, the company’s fleet will increase to 40 ships. The expanded capacity will total about 3.29 million dwt.

The Suezmax crude carrier acquisition will be financed fully through internal accruals. No external funding has been announced. The transaction is aimed at expanding the company’s fleet base.

GE Shipping Financial Performance

For FY25, GE Shipping reported net sales of ₹5,323 crore and net profit of ₹2,344 crore. In Q1 FY26, the company recorded net sales of ₹1,201 crore and a net profit of ₹504 crore. The stock trades at a price-to-earnings ratio of 8.22x. Return on capital employed (ROCE) and return on equity (ROE) both stand at 14%.

Read more: Great Eastern Shipping to Acquire Kamsarmax Dry Bulk Carrier to Expand Fleet!

Great Eastern Shipping Company Share Price Performance

As of 1:40 PM on August 26, 2025, Great Eastern Shipping Company share price was trading at ₹9450.10, a 0.46% decrease from the previous closing price.

Conclusion

Following the delivery of the 2010-built Suezmax crude carrier and the Kamsarmax bulk carrier, GE Shipping’s fleet size will stand at 40 vessels by FY26, with a total capacity of 3.29 million dwt.

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