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Great Eastern Shipping Company stock jumps after signing contract to buy Suezmax Crude Carrier

The Great Eastern Shipping Company Limited has signed a deal to buy a 2010-built Suezmax Crude Carrier of 164,715 dwt, expanding its fleet to 40 vessels by FY26.

Introduction

Leading shipping company has contracted to acquire a Suezmax Crude Carrier of about 164,715 dwt. The vessel, built in 2010, is expected to join the fleet by the third quarter of FY26.

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Share price movement of Great Eastern Shipping

On August 26, 2025, Great Eastern Shipping Company Ltd opened at ₹959.80, up from its previous close of ₹953.50. The stock reached a high of ₹959.80 and a low of ₹938.70. By 9:51 AM, it traded at ₹941.10, down 1.30%, with a market cap of ₹13,831.02 crore.

Great Eastern Shipping to Acquire Suezmax Carrier

The Great Eastern Shipping Company Limited has signed a contract to buy a Suezmax Crude Carrier of about 164,715 dwt on August 25, 2025. The 2010-built vessel is expected to join the fleet by Q3 FY26.

The company currently owns 38 vessels, including 26 tankers and 12 dry bulk carriers, totaling 3.04 million dwt. After delivery of the Suezmax and a Kamsarmax Dry Bulk Carrier, the fleet will have 40 vessels aggregating 3.29 million dwt.

Recent news on Great Eastern Shipping

As of July 31, 2025, Great Eastern Shipping Co. reported a 38% drop in net profit to Rs 504.5 crore, with revenue declining 20% year-on-year for the quarter ended June.

Stock performance of Great Eastern Shipping for Period of 1 week, 6 months, and 1 year

Great Eastern Shipping Company Ltd delivered a -2.85% return over the past week, gained 13.9% in the past six months. The stock declined 25.2% over the past year.

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Shareholding pattern of Great Eastern Shipping

ParticularsJun 2025Mar 2025Dec 2024
Promoter30.10%30.10%30.10%
FII24.60%25.40%25.00%
DII15.10%14.90%15.20%
Public30.20%29.60%29.70%

About Great Eastern Shipping

Great Eastern Shipping Company Ltd (NSE: GESHIP) is India’s largest private sector shipping firm, founded in 1948. It operates 39 ships and 23 offshore assets, serving shipping and oil drilling sectors.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Great Eastern Shipping Company Ltd share price going up today?

A: The company signed a contract to acquire a 2010-built Suezmax Crude Carrier of about 164,715 dwt.

Q: What does Great Eastern Shipping Company Ltd specialize in?

A: It specializes in shipping and offshore oil drilling services, operating a fleet of tankers, bulk carriers, and offshore assets.

Q: How much stake do promoters hold in Great Eastern Shipping Company Ltd stock?

A: Promoters currently hold 30.10 percent stake in Great Eastern Shipping Company Ltd.

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जैन: 6% अमेरिकी बॉन्ड यील्ड का भारतीय बाजार पर प्रभाव इक्विटी वैल्युएशन में गिरावट का जोखिम पैदा कर सकता है

भारतीय बाजार पर अमेरिकी बॉन्ड यील्ड का प्रभाव: प्रशांत जैन ने 6% के स्तर पर वैश्विक मंदी और फंड निकासी

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