GE Shipping Takes Delivery Of 2013 Medium Range Tanker

05 Mar 2026 CW Team

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.

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.

Infrastructure Urban

25 Mar 2026

A Responsibility to Shoulder

India’s Cooling Action Plan forecasts cooling demand to grow nearly eight times in the next 20 years. In light of the fact that cooling is no longer just a comfort product but lies at the intersection of national development, public health, climate action and energy security, this means the HVAC industry shoulders a very serious responsibility. Mihir Sanghavi, Managing Partner, Auro Engineering Company, Immediate Past President RATA, Secretary, ISHRAE, and Regional Representative, ASHRAE Region XV, describes that responsibility as “identifying a system that can serve for 15 to 20..

Real Estate

25 Mar 2026

The Stone Theatre

Stone is usually sold in places built for inventory. Rows of slabs. Dust in the air. Decisions made in haste. Function leads; feeling follows. Megaphone by HMG in Jigani, on the southern edge of Bengaluru, flips that script. Instead of asking visitors to browse stone as commodity, it stages the material as experience – dramatic, tactile, immersive and unmistakably architectural. Spread across 6,000 sq ft, the centre is not conceived as a conventional showroom but a ‘Stone Theatre’: a place where stone is read, felt and understood before it is bought. If natural stone is one of the m..

Real Estate

25 Mar 2026

Arabian Gulf Properties Reports Strong UAE Project Momentum

Arabian Gulf Properties has reaffirmed steady progress across its real estate projects in the UAE, citing continued execution and strong operating conditions supporting the sector.The company stated that development activity across its portfolio remains on track, with project planning, construction and contractor coordination progressing in line with approved schedules and strategic priorities. The update reflects broader resilience in the UAE’s real estate market and sustained investor confidence.Commenting on the outlook, Badar Rashid AlBlooshi, Chairman, Arabian Gulf Properties, said, “..