SECTOR
GE Shipping takes delivery of 2015 built Kamsarmax Dry Bulk Carrier ‘Jag Amit’
Nov-04-2026

The Great Eastern Shipping Company (GE Shipping) has taken delivery of 2015 built Kamsarmax Dry Bulk Carrier ‘Jag Amit’ of about 81,886 dwt. The company had contracted to buy the vessel in Q2 FY27. This vessel is financed entirely from internal accruals.

After this transaction, the company’s current owned fleet stands at 41 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 16 Dry Bulk Carriers (2 Capesize, 11 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.33 mn dwt. The company’s current capacity utilization is close to 100%.

Additionally, the company has contracted to buy one secondhand Kamsarmax dry bulk carrier and one secondhand Very Large Gas Carrier (VLGC), with both transactions expected to be completed in Q3 FY27. Furthermore, the company has entered into a contract for the acquisition of a newbuilding Suezmax tanker, which is scheduled for delivery in the second half of FY 2028-29.

The Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.

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