Great Eastern Shipping Takes Delivery of Long Range 2 Tanker 'Jag Laxman,' Boosts Fleet Capacity
Great Eastern Shipping Company Limited (GE Shipping) has taken delivery of the 2015 built Long Range 2 Tanker, 'Jag Laxman.' The vessel, which has a capacity of approximately 109,990 dwt, was contracted for purchase by the company during Q1 FY27. This acquisition is financed entirely from internal accruals.Following the integration of this new asset, GE Shipping's current owned fleet stands at 41 vessels. The expanded fleet comprises Tankers and Dry Bulk Carriers, aggregating a total capacity of 3.35 million dwt.
The composition of the company's existing fleet is as follows:
| Vessel Type | Category | Quantity |
|---|---|---|
| Tankers | Crude Tankers | 5 |
| Product Tankers | 17 | |
| LPG Carriers | 4 | |
| Dry Bulk Carriers | Capesize | 2 |
| Kamsarmax | 10 | |
| Ultramax | 1 | |
| Supramax | 2 |
The company reports that its current capacity utilization is close to 100%. In planning for future operations, GE Shipping has also contracted to sell one secondhand Long Range 2 Product Tanker. This sale transaction is anticipated to be completed during Q2 FY27.
GESHIP Stock Price Movement
Today, The Great Eastern Shipping Company Limited shares edged higher to settle at ₹1414.2, gaining 2.97% in the closed market session. The stock traded within a range between ₹1378.2 and ₹1428.7 during the day.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.