Acquisitions25 Jul 2025, 03:59 pm
G E Shipping to Acquire a Kamsarmax Dry Bulk Carrier, Expanding Fleet to 3.13 mn dwt
AI Summary
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to buy a Kamsarmax Dry Bulk Carrier of about 81,843 dwt. The 2015 built vessel is expected to join the Company’s fleet by Q3 FY26. The acquisition is financed entirely from internal accruals and aims at modernization and expansion of the fleet. Post delivery, the Company will have 39 vessels aggregating 3.13 mn dwt.
Key Highlights
- G E Shipping to acquire a Kamsarmax Dry Bulk Carrier of about 81,843 dwt.
- The vessel is expected to join the Company’s fleet by Q3 FY26.
- The acquisition is financed entirely from internal accruals.
- The purpose of the acquisition is modernization and expansion of the fleet.
- Post delivery, the Company will have 39 vessels aggregating 3.13 mn dwt.