Key Highlights
- Great Eastern Shipping contracts to acquire an 84,048 cbm secondhand Very Large Gas Carrier.
- The 2015 South Korea-built vessel is expected to join the fleet in Q4 FY26.
- The acquisition will be fully funded through internal accruals.
- The deal supports fleet expansion amid near-100% capacity utilisation.
- The company’s owned fleet currently comprises 40 vessels with 3.32 million dwt.
The Great Eastern Shipping Company Limited has entered into an agreement to acquire a secondhand Very Large Gas Carrier (VLGC) with a cargo capacity of approximately 84,048 cubic metres. The vessel, built in South Korea in 2015, is expected to be inducted into the company’s fleet during the fourth quarter of FY26.
The acquisition forms part of the company’s ongoing strategy to expand and modernise its fleet in line with evolving global shipping demand. The transaction will be financed entirely through internal accruals, underlining the company’s strong balance sheet and disciplined capital allocation approach.
With this addition, Great Eastern Shipping aims to enhance its presence in the gas carrier segment, which continues to see steady demand driven by global energy trade flows. The company’s current owned fleet consists of 40 vessels, including tankers and dry bulk carriers, with an aggregate capacity of about 3.32 million deadweight tonnes. Fleet utilisation levels are reported to be close to full capacity.
In parallel with the VLGC acquisition, the company has also planned other fleet optimisation measures. These include the purchase of a secondhand Ultramax dry bulk carrier and the sale of a Kamsarmax dry bulk vessel, both targeted for completion in Q4 FY26. Additionally, the sale of a Suezmax crude tanker is expected to be concluded in Q3 FY26.