G E Shipping expands fleet with secondhand medium-range tanker purchaseG E Shipping expands fleet with secondhand medium-range tanker purchase

Introduction

Leading shipping company expands its fleet with acquisitions of a Medium Range Tanker, Very Large Gas Carrier, and Ultramax Dry Bulk Carrier, while divesting two vessels to optimize operations and capacity.

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Share price movement of G E Shipping

On January 1, 2026, Great Eastern Shipping Company Ltd opened at ₹1,130.25, down 0.19% from its previous close of ₹1,132.50. The stock reached a high of ₹1,135.60 (0.30%) and a low of ₹1,114.40 (-1.60%). By 12:13 PM, it traded at ₹1,116.00, a 1.46% decrease, with a market cap of ₹16,401.46 crore.

G E Shipping Expands Fleet with Purchases

G E Shipping has contracted to buy a secondhand Medium Range Tanker of about 51,565 dwt on December 31, 2025. The 2013-built South Korean vessel will join the fleet in Q4 FY26.

The acquisition will be financed entirely from internal accruals. The purpose is to expand the fleet, which currently comprises 39 vessels, including 25 tankers and 14 dry bulk carriers, with nearly full capacity utilization.

Additionally, G E Shipping has contracted to buy a Very Large Gas Carrier and an Ultramax Dry Bulk Carrier. The company will sell one Kamsarmax and one Very Large Gas Carrier in Q4 FY26.

Stock performance of G E Shipping for Period of 1 week, 6 months, and 1 year

Great Eastern Shipping Company Ltd delivered a 1.74% return over the past week, it gained 9.29% in the past six months. The stock rose 16.4% over the past year.

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Shareholding pattern of G E Shipping

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	30.10%	30.10%	30.10%
FII	24.90%	24.60%	25.40%
DII	15.80%	15.10%	14.90%
Public	29.20%	30.20%	29.60%

About G E Shipping

Great Eastern Shipping Company Ltd (GESHIP) is a leading Indian shipping and oil drilling services company, operating 39 ships and 23 offshore assets, making it the largest private sector shipping firm in India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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