Archive · 31 Dec 2025
GE Shipping Expands Fleet with South Korean Tanker
The Great Eastern Shipping Company, a big shipping business in India, is buying a used tanker ship from South Korea.
This ship, which can carry a lot of stuff, will join their other ships in the next few months.
The company is paying for this with its own money.
After this purchase, they will have 39 ships in total.
They are also buying two more ships and selling two others.
The news made their stock price go up a little.
GE Shipping to acquire a secondhand medium range tanker with 51,565 DWT built in South Korea in 2013.
The tanker is expected to join the fleet in Q4 FY26, funded through internal accruals.
Post-acquisition, the company's fleet will consist of 39 vessels with a total capacity of 3.17 million DWT.
GE Shipping also contracted to buy a very large gas carrier and an Ultramax dry bulk carrier, while selling one Kamsarmax dry bulk carrier and one very large gas carrier.
Shares of GE Shipping increased by 2.43% to 1129.00 on the NSE on December 31, 2025.
- Who
- Great Eastern Shipping Company Ltd (GE Shipping)
- What
- Acquisition of a secondhand medium range tanker and other vessels
- When
- December 31, 2025 (announcement), Q4 FY26 (expected completion)
- Where
- South Korea (tanker built), India (company headquarters)
- Why
- To expand its fleet and increase capacity
- Company
- Great Eastern Shipping Company Ltd (GE Shipping)
- Acquisition
- Secondhand medium range tanker
- DWT
- 51,565
- Built
- 2013, South Korea
- Induction
- Q4 FY26
- Funding
- Internal accruals
- Total Fleet
- 39 vessels (25 tankers, 14 dry bulk carriers)
- Total Fleet Capacity
- 3.17 million DWT
- Stock Price Change
- 2.43% increase to 1129.00 on NSE
