The Great Eastern Shipping Company Limited has taken delivery of a 2015-built, secondhand Very Large Gas Carrier named “Jag Vikrant”. The vessel has a capacity of approximately 82,000 cbm. This acquisition, initially contracted in Q3 FY27, expands the company’s fleet to 42 vessels. The purchase was financed entirely through internal accruals, and the company also has plans for further fleet expansion with secondhand and newbuilding vessels.
GE Shipping Adds to Fleet
The Great Eastern Shipping Company Limited (GE Shipping) announced on November 6, 2026, that it has taken delivery of a recently acquired vessel. The ship is a 2015-built secondhand Very Large Gas Carrier, identified as “Jag Vikrant”, with an approximate capacity of 82,000 cubic meters (cbm). The company had previously contracted to purchase this vessel in the third quarter of the financial year 2027 (Q3 FY27).
Fleet Expansion and Financing
This acquisition brings GE Shipping’s current owned fleet to a total of 42 vessels. The fleet comprises 26 Tankers (including 5 Crude Tankers, 16 Product Tankers, and 5 LPG Carriers) and 16 Dry Bulk Carriers (aggregating 3.38 million deadweight tons – dwt). The company highlighted that the financing for the newly acquired “Jag Vikrant” was entirely sourced from its internal accruals. GE Shipping also noted that its current capacity utilization is close to 100%.
Future Growth Plans
Looking ahead, GE Shipping is continuing its fleet expansion strategy. The company has also contracted to purchase another secondhand vessel, a Kamsarmax dry bulk carrier, with the transaction expected to conclude in Q3 FY27. Furthermore, GE Shipping has entered into an agreement for a newbuilding Suezmax tanker, which is scheduled for delivery in the second half of FY 2028-29.
Source: BSE
