GE Shipping Share Price in Focus; Signs Contract to Acquire Secondhand Gas Carrier

The Great Eastern Shipping Company Limited (GE Shipping) has contracted to buy a secondhand Very Large Gas Carrier (VLGC) with a capacity of around 82,000 cubic metres. 

The company announced the agreement on October 23, 2026, in a filing with the stock exchanges. The vessel was built in 2015 and is expected to join the company’s fleet in the third quarter of FY27.  

Purchase to Be Funded Through Internal Accruals 

The company will fund the acquisition entirely through internal accruals. The announcement did not specify the purchase price or provide details of other financial terms. 

GE Shipping reported that its current fleet capacity utilisation is close to 100%. The new vessel will add to its existing fleet of tankers and dry bulk carriers. 

Company Owns 40 Vessels 

GE Shipping’s owned fleet currently comprises 40 vessels with a combined capacity of 3.24 million deadweight tonnes (dwt). Of these, 25 are tankers and 15 are dry bulk carriers. 

The tanker fleet includes five crude tankers, 16 product tankers, and four liquefied petroleum gas (LPG) carriers. The dry bulk fleet consists of two Capesize, 10 Kamsarmax, one Ultramax and two Supramax vessels. 

Two Dry Bulk Carriers Also on Order 

GE Shipping has separately contracted to purchase two secondhand Kamsarmax dry bulk carriers. The company expects both transactions to be completed in the third quarter of FY27. 

In addition, it has signed a contract to acquire a new-build Suezmax tanker. Delivery of the tanker is scheduled for the second half of FY29. 

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The Great Eastern Shipping Company (GE Shipping) Share Price Performance  

As of October 23, 2026, 3:30 pm, GE Shipping Company share price closed at ₹1,496.60, down 1.45% from the previous closing price. 

Conclusion 

The VLGC acquisition is expected to be completed when the vessel joins GE Shipping’s fleet in Q3 FY27. The company also has two Kamsarmax carriers, and a new-build Suezmax tanker scheduled for acquisition or delivery over the coming financial years. 

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