GEGreat Eastern Shipping Company500620Capex expansion plan

GE Shipping to buy secondhand 82,000 cbm VLGC, two Kamsarmax bulk carriers and a new-building Suezmax tanker

GE Shipping has contracted to buy a secondhand Very Large Gas Carrier of about 82,000 cbm on October 23, 2026; the 2015-built vessel is expected to join its fleet in Q3 FY27.

By ScoutQuest · Fri 23 Oct 2026, 9:14 PM IST · 1 min read

VLGC acquisition

Secondhand Very Large Gas Carrier of about 82,000 cbm, 2015-built, expected to join fleet in Q3 FY27

Fleet additions

Two secondhand Kamsarmax bulk carriers and a new-building Suezmax tanker

Suezmax delivery

Suezmax tanker scheduled for delivery in second half of FY 2028-29

Release

Deal / acquisition

🏭 The company says the proposed vessel will be financed entirely from internal accruals, and that the purpose of the acquisition is expansion of the fleet.

📉 GE Shipping has also contracted to purchase two secondhand Kamsarmax dry bulk carriers, transactions the company expects to be completed in Q3 FY27.

📌 The company has entered into a contract for the acquisition of a new-building Suezmax tanker, scheduled for delivery in the second half of FY 2028-29.

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