The Great Eastern Shipping Company Limited (GESHIP) — Announcement Announcement

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📢 Key Event
GE Shipping delivered its 2007-built medium-range tanker Jag Prakash to buyers on May 13, 2026.

🔄 What Changed
Fleet composition updated to 40 vessels totaling 3.24 million deadweight tonnes after the delivery.

🔮 What's Next
Acquisition of one secondhand medium-range tanker and sale of Jag Pankhi are expected to be completed in Q1 FY27.

💡 Investor Takeaway
Shareholders should note the company is actively modernizing its fleet through targeted acquisitions and disposals.

The Great Eastern Shipping Company announced the delivery of its 2007-built medium-range tanker Jag Prakash to buyers, completing a sale contracted in Q1 FY27. This transaction reduces the company's owned fleet to 40 vessels totaling 3.24 million deadweight tonnes, comprising 25 tankers and 15 dry bulk carriers. The company also disclosed plans to acquire one secondhand medium-range tanker and sell another vessel, Jag Pankhi, both expected to finalize in Q1 FY27. These moves reflect active fleet modernization and strategic asset reallocation within the shipping sector.

📄 View Original Announcement (PDF)

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About The Great Eastern Shipping Company Limited (GESHIP)

Services · Transport Services · Listed on NSE

Market Cap: ₹21,899.05 Cr P/E: 7.6

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

The Great Eastern Shipping Company Limited (GESHIP) — Announcement Announcement

About The Great Eastern Shipping Company Limited (GESHIP)

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