The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated October 30, 2025, titled "We wish to inform you that the Company has contracted to buy an Ultramax dry bulk carrier of about 63,500 dwt on October 30, 2025. The 2019 Japanese built vessel is expected to join the Company s fleet by Q4 FY26.".
GESHIP · price
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Great Eastern Shipping Company has agreed to buy an Ultramax dry bulk carrier of about 63,500 deadweight tonnage (dwt). The vessel is a 2019 Japanese-built ship and is expected to be delivered into the company's fleet by the fourth quarter of FY26 (ending March 2026). This is a fleet expansion move, adding a relatively modern dry bulk vessel to the company's shipping fleet. The purchase price was not disclosed in the announcement.
This is a routine fleet addition for a shipping company and signals continued investment in expanding the dry bulk segment. Since the price was not disclosed, investors should check whether this transaction is material relative to the company's net worth, as large vessel purchases can impact debt levels and cash flow.