G E Shipping Contracted to Buy a 51,565 DWT Secondhand Medium Range Tanker

The Great Eastern Shipping Company Limited has strengthened its tanker portfolio with a fresh vessel acquisition, continuing its fleet expansion strategy through selective secondhand purchases. 

Vessel Acquisition and Induction Timeline 

The Great Eastern Shipping Company Limited, also known as G E Shipping, has entered into a contract on December 31, 2025, to purchase a secondhand medium range tanker of about 51,565 dwt.  

The vessel, built in 2013 in South Korea, is scheduled to join the company’s fleet in the Q4 of FY26. The acquisition has been funded entirely through internal accruals and is intended to support fleet growth. 

Fleet Profile and Capacity 

Following the transaction, G E Shipping’s owned fleet stands at 39 vessels with an aggregate capacity of about 3.17 million dwt and utilisation close to 100%.  

The fleet includes 25 tankers comprising five crude tankers, 16 product tankers and four LPG carriers, along with 14 dry bulk carriers made up of 2 capesize, 10 kamsarmax and 2 supramax vessels. 

Additional Transactions in Pipeline 

In addition to the medium range tanker, the company has also contracted the purchase of one secondhand very large gas carrier and one secondhand ultramax dry bulk carrier. 

At the same time, G E Shipping plans to sell one kamsarmax dry bulk carrier named Jag Aarati and one very large gas carrier named Jag Vishnu. These transactions are also expected to be completed by Q4 FY26. 

Read More: GE Shipping Signs Pact to Sell Very Large Gas Carrier ‘Jag Vishnu’! 

The Great Eastern Shipping Company Share Price Performance  

As of January 1, 2026, at 9:58 AM, The Great Eastern Shipping Company Limited share price is trading at ₹1,122.50 per share, reflecting a decline of 0.58% from the previous closing price. Over the past month, the stock has declined by 0.22%. 

Conclusion 

With the acquisition of the 51,565 dwt medium range tanker and additional fleet actions planned, G E Shipping continues to actively manage and modernise its fleet to align with market demand and operational requirements. 

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