Shipping Power Play: Great Eastern Adds Robust Kamsarmax Carrier to Dominate Dry Bulk Sector

Updated: October 14, 2025 13:06

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Great Eastern Shipping has taken delivery of a modern Kamsarmax dry bulk carrier, Jag Amol, with a capacity of about 81,843 deadweight tons, marking a key step in its fleet expansion strategy. The vessel, built in 2015 and financed through internal accruals, will strengthen the company's shipping capacity and operational efficiency by Q3 FY26.

Great Eastern Shipping Company Limited (G E Shipping), a leading player in the Indian maritime sector, has announced the delivery of a Kamsarmax dry bulk carrier named Jag Amol. Built in 2015, the vessel has a deadweight tonnage (DWT) of approximately 81,843 and is the latest addition to the company's fleet as part of its ongoing expansion strategy.

The delivery of this dry bulk carrier was fully financed through internal accruals, showcasing Great Eastern Shipping's robust financial health and commitment to fleet modernization without incurring additional debt. Jag Amol is expected to be operational by Q3 of fiscal year 2026, enhancing the company’s capabilities in the dry bulk segment.

With this acquisition, G E Shipping's owned fleet now consists of 39 vessels, including 26 tankers (split between crude carriers, product tankers, and LPG carriers) and 13 dry bulk carriers. The total fleet capacity currently stands at approximately 3.13 million deadweight tons.

In addition to Jag Amol, the company has contracted to purchase one secondhand Kamsarmax dry bulk carrier and one secondhand Suezmax crude tanker in Q2 FY26. Concurrently, it plans to sell a secondhand Suezmax crude tanker in the same period, with all these transactions expected to be completed by Q3 FY26. These moves underline Great Eastern Shipping’s proactive fleet management to optimize capacity and operational efficiency.

Notable Updates:

Great Eastern Shipping takes delivery of Jag Amol, a 2015-built Kamsarmax dry bulk carrier (~81,843 DWT).
This acquisition is fully financed from internal accruals, reflecting financial strength.
Fleet size expands to 39 vessels: 26 tankers and 13 dry bulk carriers.
Total fleet deadweight capacity reaches approximately 3.13 million tons.
Additional contracts to acquire 1 used Kamsarmax dry bulk carrier and 1 used Suezmax crude tanker are underway.
Plans to sell 1 secondhand Suezmax crude tanker to optimize fleet composition.
All transactions expected to complete by Q3 FY26, signaling strategic fleet growth.
The Kamsarmax ships are optimal for efficient cargo movement across diverse ports.

This acquisition supports Great Eastern Shipping's long-term vision of a robust, modern fleet.

Sources: Great Eastern Shipping official announcements, Business Standard, Dry Bulk Magazine, Nautical Voice, GetTransport.com

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