| Great Eastern Shipping Company has contracted to buy a secondhand Long Range 2 Tanker of about 110,000 dwt. The 2015 built vessel is expected to join the Company's fleet in Q2 FY27. <p> The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet. <p> The company's current owned fleet stands at 39 vessels, comprising 24 Tankers (5 Crude Tankers, 15 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.19 mn dwt. The Company's current capacity utilization is close to 100%. |