Great Eastern Shipping Company has agreed to acquire another second-hand Kamsarmax dry bulk carrier, taking its total number of Kamsarmax acquisitions to four in just over a year as the Indian shipowner continues to expand its dry bulk fleet.
The latest vessel is a 2015-built Kamsarmax with a capacity of approximately 81,886 deadweight tonnes (dwt). Great Eastern Shipping has said the acquisition will be financed entirely through internal accruals, with the vessel expected to join its fleet in the third quarter of FY27.
The purchase follows the company’s acquisition earlier in 2026 of the 2014-built, 81,094-dwt Kamsarmax Jag Abhishek. During the second half of 2025, the company also took delivery of the 2015-built Jag Amol and 2016-built Jag Anjali, marking a sustained expansion of its Kamsarmax fleet.
Kamsarmax vessels, typically around 80,000 dwt, are widely used to transport major dry bulk commodities such as coal, grain and iron ore. The segment provides shipowners with exposure to global commodity trade and regional as well as long-haul bulk cargo flows.
The latest acquisition is part of Great Eastern Shipping’s broader fleet-renewal strategy, which involves adding modern tonnage while selectively disposing of older vessels. The company has also been active in the tanker and gas-carrier segments, balancing acquisitions with asset sales.
The company had previously sold older dry bulk tonnage, including the 2011-built Jag Aarati, as part of its fleet optimisation programme. The strategy allows Great Eastern Shipping to maintain a competitive fleet while allocating capital towards vessels with stronger commercial prospects.
The latest Kamsarmax purchase comes as Great Eastern Shipping’s owned fleet remains heavily utilised. The company’s fleet expansion is aimed at strengthening its capacity to serve dry bulk demand while maintaining flexibility across global shipping markets.
With four Kamsarmax acquisitions in slightly more than a year, Great Eastern Shipping is increasingly strengthening its position in the mid-sized dry bulk segment and signalling continued confidence in the long-term outlook for commodity shipping.
