GE Shipping To Acquire Secondhand Medium Range Tanker

03 Apr 2026 CW Team

The Great Eastern Shipping Company Limited has contracted to acquire a secondhand Medium Range tanker of about 49,420 dwt on April 1, 2026. The 2014 built vessel is expected to join the company fleet in the first quarter of fiscal year FY27 and will be deployed to support commercial operations across existing trade lanes. The addition reflects the company's approach of augmenting capacity through selective secondhand purchases to meet demand.

The proposed vessel will be financed entirely from internal accruals and the company has characterised the transaction as a balance sheet neutral expansion of owned tonnage. The firm has also contracted to buy one secondhand Kamsarmax dry bulk carrier and that purchase is expected to be completed in the first quarter of fiscal year FY27. Together these acquisitions indicate a coordinated enhancement of tanker and dry bulk capabilities.

The company's current owned fleet stands at 40 vessels, comprising 26 tankers including five crude tankers, 17 product tankers and four LPG carriers, and 14 dry bulk carriers including two capesize, nine kamsarmax, one ultramax and two supramax. The fleet aggregates three point two million (mn) dwt and reported capacity utilisation is close to 100 per cent, which the company cited as a driver for acquiring additional secondhand tonnage. The profile of the fleet is intended to provide flexibility across trade cycles and cargo types.

The transactions were announced in Mumbai on April 1, 2026 and the company said the new tonnage will be integrated according to prevailing commercial requirements once delivery is complete. The acquisition programme aligns with previous statements on growth through measured purchases using internal resources and aims to preserve financial strength. Further enquiries may be directed to the corporate communications email address provided by the company.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..