The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated April 30, 2026, titled "GE Shipping takes delivery of 2014 built Kamsarmax Dry Bulk Carrier Jag Abhishek ".
GESHIP · price
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GE Shipping took delivery of a secondhand Kamsarmax Dry Bulk Carrier 'Jag Abhishek' (81,094 dwt) built in Japan in 2014. The vessel was contracted for purchase in Q4 FY26 and financed entirely from internal accruals. Following this delivery, the company's fleet now comprises 41 vessels totalling 3.28 million dwt, including 26 tankers and 15 dry bulk carriers. The company also has a contracted purchase of one secondhand Medium Range Tanker and contracted sales of two Medium Range Tankers ('Jag Prakash' and 'Jag Pankhi') expected in Q1 FY27. Capacity utilization is currently near 100%.
Fleet expansion with a 81,094 dwt vessel signals continued growth in the dry bulk segment. The near-full capacity utilization indicates strong demand conditions, though the sale of two tankers suggests portfolio optimization alongside expansion.