StockWatch
·
Shipping
Business Update4 Nov 2026, 04:04 pm

Great Eastern Shipping takes delivery of Jag Amit vessel

AI Summary

Great Eastern Shipping Company Ltd announced the delivery of its 2015-built Kamsarmax Dry Bulk Carrier, 'Jag Amit', on November 4th. The vessel, with a capacity of approximately 81,886 dwt, was contracted for purchase in Q2 FY27 and financed entirely through internal accruals. This acquisition increases the company's owned fleet to 41 vessels, comprising 25 Tankers and 16 Dry Bulk Carriers, totaling 3.33 million dwt. GE Shipping also has two more secondhand vessels (a Kamsarmax dry bulk carrier and a VLGC) and a newbuilding Suezmax tanker on order for future delivery.

Key Highlights

  • GE Shipping took delivery of a 2015-built Kamsarmax Dry Bulk Carrier named 'Jag Amit'.
  • The company's owned fleet now stands at 41 vessels.
  • The acquisition was financed entirely from internal accruals.
  • Two more secondhand vessels and one newbuilding tanker are on order.