The Great Eastern Shipping Company Limited has entered into a contract to purchase a secondhand Very Large Gas Carrier (VLGC) with a cargo capacity of about 84,048 cubic metres.
The agreement was signed on December 19, 2025. The vessel was built in South Korea in 2015 and is expected to be delivered to the company in the Q4FY26, as per the company’s filing.
The VLGC is expected to be added to the company’s owned fleet during Q4 FY26. The company has not disclosed the purchase consideration or the name of the vessel.
No operational changes linked to the delivery have been outlined in the filing, apart from the proposed fleet addition.
According to the company, the acquisition will be funded entirely through internal accruals. The filing does not mention any external borrowing or fund-raising activity linked to the transaction. The stated purpose of the purchase is expansion of the fleet.
As of the announcement date, Great Eastern Shipping’s owned fleet comprises 40 vessels with a total capacity of about 3.32 million deadweight tonnes (dwt). This includes 26 tankers and 14 dry bulk carriers.
The tanker fleet consists of 6 crude carriers, 16 product tankers, and 4 LPG carriers.
The company stated that capacity utilisation across its fleet is close to 100%. This indicates that most of the existing vessels are currently deployed, with limited idle capacity reported at present.
Alongside the VLGC purchase, the company has contracted to buy one secondhand Ultramax dry bulk carrier. It has also agreed to sell 1 Kamsarmax dry bulk carrier, Jag Aarati, with completion expected in Q4 FY26.
Separately, the company plans to sell a Suezmax crude tanker, Jag Lok, which is expected to be completed in Q3 FY26.
As of December 22, 2025, at 9:17 am, Great Eastern Shipping Company share price was trading at ₹1,102, a 0.83% increase from the previous closing price.
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The VLGC acquisition forms part of a set of vessel additions and disposals planned by Great Eastern Shipping across FY26. These transactions are expected to be completed over the coming quarters as the company continues to adjust its fleet composition.
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Published on: Dec 22, 2025, 11:52 AM IST
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