GE Shipping To Acquire Secondhand Medium Range Tanker

05 Jan 2026 CW Team

The Great Eastern Shipping Company Limited has contracted to acquire a secondhand Medium Range tanker with a carrying capacity of about 51,565 dwt. The agreement was finalised on December 31, 2025, and the 2013-built South Korean vessel is expected to join the company’s fleet in the fourth quarter of FY26.

The acquisition will be funded entirely through internal accruals and is aimed at expanding the company’s tanker fleet. With this addition, GE Shipping continues to strengthen its presence in the global shipping market through selective fleet enhancement.

As of now, the company owns a fleet of 39 vessels, comprising 25 tankers, including five crude tankers, 16 product tankers and four LPG carriers, along with 14 dry bulk carriers. The dry bulk fleet includes two Capesize, 10 Kamsarmax and two Supramax vessels. The total carrying capacity of the fleet stands at approximately 3.17 million tonnes, with overall capacity utilisation close to 100 per cent.

Separately, the company has also entered into agreements to acquire a secondhand Very Large Gas Carrier and a secondhand Ultramax dry bulk carrier. In addition, it has agreed to sell one Kamsarmax dry bulk carrier, Jag Aarati, and one Very Large Gas Carrier, Jag Vishnu. These purchase and sale transactions are expected to be completed in the fourth quarter of FY26.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..