NSEPress Release28 Sept 2026 · 28 Sept 2026, 06:35 pm
Press Release
The Great Eastern Shipping Company Limited · GESHIP
✦ AI Summary▲ PositiveExpansion
The Great Eastern Shipping Company Limited has entered into a contract to acquire a new-building Suezmax Tanker of about 157,000 dwt, scheduled for delivery in the second half of FY 2028-29. The vessel will be financed from internal accruals and is intended to expand the company's fleet.
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Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated September 28, 2026, titled "GE Shipping contracts to buy a new-building Suezmax Tanker".
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Our Ref.: S/2026/SECL September 28, 2026
BSE Limited National Stock Exchange of India Limited
1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051
BSE Scrip code: 500620 Trading Symbol - GESHIP
Dear Sir,
We wish to inform you that the Company has entered into a contract for acquisition of a
new-building Suezmax Tanker of about 157,000 dwt, to be constructed in the Far East by
one of the world’s leading shipbuilders. The vessel is scheduled for delivery in the second
half of FY 2028-29.
A Press Release to be issued in this connection is enclosed.
You are requested to take note of the above.
Thanking You,
Yours faithfully,
For The Great Eastern Shipping Company Limited
Anand Punde
Company Secretary
anand_punde@greatship.com
www.greatship.com
PRESS RELEASE
GE Shipping contracts to buy a new-building Suezmax Tanker
The Great Eastern Shipping Company Limited (GE Shipping) has entered into a contract for
acquisition of a new-building Suezmax Tanker of about 157,000 dwt on 28th September 2026, to
be constructed in the Far East by one of the world’s leading shipbuilders. The vessel is scheduled
for delivery in the second half of FY 2028-29.
Currently, the vessel is proposed to be financed from internal accruals. The purpose of the
acquisition is expansion of the fleet.
The company’s current owned fleet stands at 40 vessels, comprising 25 Tankers (5 Crude Tankers,
16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1
Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The Company’s current capacity utilization is
close to 100%.
Additionally, the company has contracted to buy two secondhand Kamsarmax Dry Bulk Carriers,
and these transactions are expected to be completed in Q3 FY27.
Place: MUMBAI
Date: 28th September 2026
-----------------------------------------visit us at www.greatship.com---------------------------------------
For further details, please email us at: corp_comm@greatship.com
www.greatship.com