The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated August 25, 2025, titled "We wish to inform you that the Company has contracted to buy a Suezmax Crude Carrier of about 164,715 dwt on August 25, 2025. The 2010 built vessel is expected to join the Company s fleet by Q3 FY26.".
GESHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 1.0 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Great Eastern Shipping (GESHIP) has contracted to purchase a second-hand Suezmax Crude Carrier of about 164,715 deadweight tonnes, built in 2010, expected to join its fleet by Q3 FY26. The company currently owns 38 vessels totaling 3.04 million dwt and is running at nearly 100% capacity utilization, making the addition aimed at expanding capacity. The full purchase will be funded through internal accruals (no debt or equity raise mentioned). After delivery of this vessel and the previously ordered Kamsarmax Dry Bulk Carrier (contracted in July 2025), the fleet will grow to 40 vessels totaling 3.29 million dwt.
Modest positive — the vessel adds to an already fully-utilized fleet and is funded internally, so there is no dilution or debt impact, but shareholders should note that the exact purchase price was not disclosed, making it hard to judge the size of the cash outflow.