The Great Eastern Shipping Company Limited took delivery of the 2013 South Korean built Medium Range tanker Jag Pranesh of about 51,565 dwt on February 24, 2026. The company had contracted to buy the vessel in the third quarter of FY26 and the acquisition was financed entirely from internal accruals. The transaction increases the company owned fleet and aligns with its deployment plans. The vessel is expected to enter service under the company commercial management promptly following delivery.

Following this delivery the company owned fleet stands at 41 vessels, comprising 27 tankers and 14 dry bulk carriers. The tanker fleet includes five crude tankers, 17 product tankers and five LPG carriers, while the dry bulk fleet comprises two Capesize vessels, nine Kamsarmax vessels, one Ultramax and two Supramax vessels. Fleet composition reflects the company focus on mixed cargo and energy carrier capabilities. This mix of vessel sizes and types supports coverage across key trade routes and cargo requirements.

The aggregate capacity of the owned fleet is 3.25 million (mn) dwt and utilisation is close to 100 per cent, supporting operational momentum in prevailing market conditions. The company expects the reinforced ownership profile to provide flexibility in contract positioning and earnings delivery. Management continues to emphasise disciplined capital allocation and balance sheet strength. High utilisation underlines the company ability to keep vessels employed and generate cash flows.

In addition to this acquisition the company has contracted to sell one Very Large Gas Carrier, Jag Vishnu, with completion anticipated in the fourth quarter of FY26. The company recorded the delivery and sale contract details from its Mumbai office on February 24, 2026 and has advised stakeholders through its corporate communications channel. Further enquiries may be directed to the company corporate communications email. Stakeholders were informed through an announcement issued from the Mumbai office and further details are available from the corporate communications email corp_comm@greatship.com.