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G E Shipping contracts to buy Kamsarmax dry bulk carrier
Sep-02-2025

The Great Eastern Shipping Company (G E Shipping) has contracted to buy a Kamsarmax dry bulk carrier of about 81,922 dwt on September 02, 2025. The 2016 built vessel is expected to join the company’s fleet by Q3 FY26. 

The company’s current owned fleet stands at 38 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers aggregating 3.04 mn dwt. The company’s current capacity utilization is close to 100%. In addition to this contract, the company has 1 Secondhand Kamsarmax dry bulk carrier contracted to buy in July 2025 and 1 Suezmax crude carrier, which was contracted to buy in Aug 25. Both these ships are also expected to join the fleet by Q3 FY26. 

The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet. Post delivery of these 3 vessels, the company will have 41 vessels aggregating 3.37 mn dwt.

Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.

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