GE Shipping Contracts to Buy Secondhand Long Range Two Tanker

24 Jun 2026 CW Team

On 16 June 2026 The Great Eastern Shipping Company Limited contracted to acquire a secondhand Long Range two tanker of about 110,000 dwt. The vessel was built in 2015 and is expected to join the company’s fleet in the second quarter of fiscal year 27. The purchase was announced as part of routine fleet renewal and expansion activity.

The proposed vessel will be financed entirely from internal accruals and the company described the acquisition as intended to strengthen its tanker segment. The firm has also contracted to buy a secondhand Medium Range product tanker, with that purchase expected to be completed in the first quarter of fiscal year 27. Both transactions were presented as aligning with the company’s capital allocation and fleet strategy.

The company’s current owned fleet stands at 39 vessels comprising 24 tankers, including five crude tankers, 15 product tankers and four LPG carriers, and 15 dry bulk carriers including two Capesize, 10 Kamsarmax, one Ultramax and two Supramax. The owned fleet aggregates three point one nine million (mn) dwt and the company reported capacity utilisation close to 100 per cent. The deal is intended to address demand for product carriage and maintain service continuity.

The transaction is expected to be completed through established corporate procedures and standard closing arrangements in the coming quarters. The company listed Mumbai as the place of the announcement and dated the release 16 June 2026. For further information readers were directed to the company website and corporate communications email.

Management indicated that continued fleet replenishment supports long term service commitments and provides flexibility to meet charter market requirements. The company emphasised continued focus on safe operations and regulatory compliance. Stakeholders were advised to consult official filings for transaction updates.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..