Shares of Great Eastern Shipping Company Ltd (GE Shipping) fell 1.5% after touching a day’s high of Rs 1,135 on 1st January, despite the company saying on 31st December 2025, that it will acquire a secondhand medium-range tanker with a deadweight tonnage (DWT) of about 51,565.

The tanker, built in South Korea in 2013, is expected to join GE Shipping’s fleet in the fourth quarter of FY26. The company said the acquisition will be fully funded through internal accruals. This move is aimed at expanding its fleet.

After the purchase, GE Shipping’s owned fleet will rise to 39 vessels. This includes 25 tankers and 14 dry bulk carriers, with a total capacity of about 3.17 million DWT. Utilization is expected to be close to 100%.

Separately, the company said it has agreed to buy a secondhand very large gas carrier and an Ultramax dry bulk carrier. They are also selling one Kamsarmax dry bulk carrier and one very large gas carrier. These transactions are expected to be completed in Q4FY26.

At 12:31 PM, shares of GE Shipping were trading 0.95% lower at Rs 1,118.30 on NSE.

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