G E Shipping contracts to buy a Kamsarmax Dry Bulk Carrier
Published by Alfie Lloyd-Perks,
Editorial Assistant
Dry Bulk,
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to buy a Kamsarmax dry bulk carrier of about 81 922 dwt on September 2, 2025.
The 2016 built vessel is expected to join the Company’s fleet by Q3 FY26.
Great Eastern Shipping Company’s current owned fleet stands at 38 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers aggregating 3.04 mn dwt. The Company’s current capacity utilisation is close to 100%. In addition to this contract, the company has 1 secondhand Kamsarmax dry bulk carrier contracted to buy in July 2025 and 1 Suezmax crude carrier, which was contracted to buy in Aug’25. Both these ships are also expected to join the fleet by Q3 FY26.
The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet. Post delivery of these 3 vessels, the Company will have 41 vessels aggregating 3.37 mn dwt.
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