Great Eastern Shipping Company Leaders in Decarbonization with Fleet Efficiency Initiatives
Great Eastern Shipping Company Limited, a player in the marine transport sector, has showcased significant operational improvements in sustainability during the financial year 2025-26. The company demonstrated its commitment to environmental stewardship through aggressive decarbonization strategies and advanced fleet modernization projects while maintaining robust international operations.The shipping firm specializes in the transportation and storage of goods by water transport. Its core business activity, accounting for 82.78% of turnover, is focused on shipping services. Great Eastern serves both national and international markets, with exports contributing a substantial 66.44% to the entity's total turnover. The company holds a paid-up capital of `142.77 crores.
Operational Focus and ESG Achievements
The firm’s commitment to environmental protection is evident through continuous technological upgrades and operational practices designed to minimize ecological impact. In FY 2025-26, the company executed numerous energy saving and emission reduction initiatives across its fleet of vessels.Key focus areas included:
- Hull and Propeller Care: Superior anti-fouling coatings were applied to 8 vessels. Furthermore, hull cleaning was carried out in 16 ships, and propeller polishing was conducted on 28 ships.
- Efficiency Upgrades: The fleet saw the installation of MAN B&W EcoCam systems on one vessel, alongside adaptive autopilot retrofits on seven additional ships. LED lighting replacement occurred on three vessels to maximize energy efficiency.
- R&D and Future Readiness: Great Eastern is currently piloting two advanced technologies: a system designed to reduce impedance and associated emissions from diesel generators by improving electrical conductivity in the power management system, and an artificial intelligence powered system aimed at optimizing fuel efficiency via constant main engine shaft power or vessel speed.
The company’s efforts were formally recognized when it received the 'Harit Samudra - Green Shipping Pioneer Award' during the Directorate General of Shipping's 75th Platinum Jubilee celebrations. The firm also confirmed that all its vessels are equipped with ballast water treatment systems (BWTS) and comply with IMO MARPOL Annex I and IV regulations.
Environmental and Resource Management Metrics
In terms of resource management, the company generated a total of 5,556.65 cubic meters (m3) of waste in FY 2025-26. This total included 615.27 m3 of plastic waste, 37.27 m3 of E-waste, and 3,027.86 m3 of other hazardous waste. The company successfully recovered 73.56 m3 of material through recycling for the year.Detailed operational metrics related to environmental performance include:
| Metric | FY 2025-26 (Current) | FY 2024-25 (Previous) |
|---|---|---|
| Total Scope 1 GHG Emissions | 8,10,210.573 MT of CO 2 e | 857,135.21 MT of CO 2 e |
| Water Consumption (Total) | 1,00,136.435 KL | 1,54,359.30 KL |
| GHG Intensity (Market based, tCO2e/Revenue) | 0.0000221636 | 0.0000224034 |
The company's dedication to environmental governance extends to its commitments to reduce greenhouse gas emissions. It supports a climate strategy that aims for an average reduction of at least 40% in CO2 emissions per transport work by 2030 and net zero GHG emissions by 2050, compared to 2008 levels.
Workforce and Stakeholder Engagement
The organization maintains a workforce totaling 304 shore staff and 1,872 floating staff. The company tracks the well-being of its employees closely; for example, 75% of male permanent shore employees in FY 2025-26 were covered by Health Insurance. For the entire fleet, all employees (shore and floating) achieved a 100% rate of coverage regarding P.F. and Gratuity benefits.In terms of stakeholder engagement, the company actively manages customer relations, with feedback received from various inspection bodies such as Oil Majors, terminal feedbacks, and Port state inspections being analyzed through Root Cause Analysis (RCA). The business conducts in-house training programs focused on topics like Business Ethics & Code of Conduct for key personnel.
The leadership structure includes Mr. Bharat K. Sheth Chairman & Managing Director, Mr. G. Shivakumar Executive Director & CFO, and Mr. Anand Punde Company Secretary as among the high authorities overseeing corporate responsibility policies. The company does not have a specified Board committee dedicated to sustainability matters, yet such issues are addressed before the Board of Directors and relevant committees.
GESHIP Stock Price Movement
Shares of The Great Eastern Shipping Company Limited are rallying in live trading at ₹1414.20 as of 11:36 AM, having risen by 2.84% on the day. The stock is currently consolidating its strong intraday performance, with trading confined between a low of ₹1378.20 and a high of ₹1428.70 amidst 200,570 shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.