Great Eastern Shipping Expands Fleet with Delivery of Kamsarmax Dry Bulk Carrier
Great Eastern takes delivery of 2014 Japanese built Kamsarmax Dry Bulk Carrier "Jag Abhishek"
Business Standard
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Great Eastern Shipping Company has taken delivery of the 'Jag Abhishek,' a Kamsarmax Dry Bulk Carrier built in Japan in 2014, with a deadweight tonnage of approximately 81,094 dwt. This addition brings the company's fleet to 41 vessels, maintaining a near 100% capacity utilization.
- 01Great Eastern Shipping has expanded its fleet with the addition of the 'Jag Abhishek.'
- 02The vessel has a deadweight tonnage of approximately 81,094 dwt.
- 03The company's fleet now consists of 41 vessels.
- 04Current capacity utilization is close to 100%.
- 05Future transactions include the purchase of a secondhand Medium Range Tanker and the sale of two Medium Range Tankers.
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Great Eastern Shipping Company has successfully taken delivery of the 'Jag Abhishek,' a Kamsarmax Dry Bulk Carrier built in Japan in 2014. The vessel has a deadweight tonnage of approximately 81,094 dwt and was financed entirely through the company's internal accruals. This acquisition marks a significant addition to Great Eastern's fleet, which now comprises 41 vessels, including 26 tankers and 15 dry bulk carriers, totaling 3.28 million dwt. The company reports a current capacity utilization close to 100%. Additionally, Great Eastern has plans to purchase a secondhand Medium Range Tanker and sell its Medium Range Tankers, 'Jag Prakash' and 'Jag Pankhi,' with these transactions expected to be finalized in the first quarter of FY27.
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