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Great Eastern Shipping Co. Ltd. ( (IN:GESHIP) ) has shared an update.
The Great Eastern Shipping Company Limited has announced the acquisition of a Suezmax Crude Carrier, built in 2010, which will join their fleet by the third quarter of fiscal year 2026. This acquisition, financed through internal accruals, is part of the company’s strategy to expand its fleet, increasing its total to 40 vessels with a combined capacity of 3.29 million deadweight tons, thereby enhancing its operational capacity and market positioning.
More about Great Eastern Shipping Co. Ltd.
The Great Eastern Shipping Company Limited operates in the shipping industry, primarily focusing on the transportation of crude oil, petroleum products, and dry bulk commodities. The company owns a diverse fleet that includes tankers and dry bulk carriers, with a market focus on maximizing capacity utilization.
Average Trading Volume: 38,209
Technical Sentiment Signal: Buy
Current Market Cap: 138.2B INR
For detailed information about GESHIP stock, go to TipRanks’ Stock Analysis page.