Great Eastern Shipping Company (GE Shipping) has contracted to buy a secondhand Very Large Gas Carrier of about 82,000 cbm on 23 October 2026. The 2015 built vessel is expected to join the Company's fleet in Q3 FY27.

The proposed vessel 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 40 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The Company's current capacity utilization is close to 100%.

In addition, the Company has contracted to purchase two secondhand Kamsarmax dry bulk carriers. These transactions are expected to be completed in Q3 FY27. Furthermore, the Company has entered into a contract for the acquisition of a new-building Suezmax tanker, which is scheduled for delivery in the second half of FY 2028-29.