G E Shipping shines on contracting to buy Ultramax dry bulk carrier
The Great Eastern Shipping Company is currently trading at Rs. 1116.65, up by 33.65 points or 3.11% from its previous closing of Rs. 1083.00 on the BSE.
The scrip opened at Rs. 1083.05 and has touched a high and low of Rs. 1116.65 and Rs. 1076.10 respectively. So far 20280 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1335.00 on 07-Nov-2024 and a 52 week low of Rs. 797.25 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1128.45 and Rs. 1021.50 respectively. The current market cap of the company is Rs. 15679.40 crore.
The promoters holding in the company stood at 30.07%, while Institutions and Non-Institutions held 40.71% and 29.21% respectively.
The Great Eastern Shipping Company (G E Shipping) has contracted to buy an Ultramax dry bulk carrier of about 63,500 dwt on October 30, 2025. The 2019 Japanese built vessel is expected to join the company’s fleet by Q4 FY26. The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.
The company’s current owned fleet stands at 41 vessels, comprising 27 tankers (6 crude carriers, 17 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.37 mn dwt. The company’s current capacity utilization is close to 100%. The company has contracted to sell one of its Suezmax crude tanker and one Medium Range product tanker. These two sale transactions are expected to happen in Q3 FY26.
Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.
