GE SHIPPING CONTRACTS TO BUY NEW-BUILDING TANKER

• The Great Eastern Shipping Company has entered into a contract for acquisition of a new-building Suezmax Tanker of about 157,000 dwt. • The vessel will be constructed in the Far East and is scheduled for delivery in the second half of FY 2028-29. • The acquisition is intended for fleet expansion and will be financed from internal accruals. • The company's current fleet comprises 40 vessels with an aggregate capacity of 3.24 mn dwt. • The company has also contracted to buy two secondhand Kamsarmax Dry Bulk Carriers, expected to be completed in Q3 FY27.

The Great Eastern Shipping Company Limited

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