GE Shipping To Buy Secondhand Kamsarmax Carrier

10 Mar 2026 CW Team

The Great Eastern Shipping Company Limited (GE Shipping) has contracted to acquire a secondhand Kamsarmax dry bulk carrier of about 81,094 deadweight tonnage (dwt) on March four, 2026. The vessel was built in Japan in 2014 and is expected to join the company fleet by the first quarter of FY27. The vessel will augment the company's dry bulk offering and provide additional carriage capacity across existing trading routes.

The acquisition will be financed entirely from internal accruals and is intended to expand capacity without increasing external leverage. Management said the purchase supports operational flexibility and complements existing dry bulk capabilities. The transaction timing is aligned with anticipated market requirements for dry bulk tonnage.

GE Shipping's current owned fleet stands at 41 vessels comprising 27 tankers, including five crude tankers, 17 product tankers and five LPG carriers, and 14 dry bulk carriers including two Capesize, nine Kamsarmax, one Ultramax and two Supramax, aggregating 3.25 million (mn) deadweight tonnage (dwt). The use of mn is the standard abbreviation for million. This scale gives the company operational scale and commercial flexibility in meeting customer requirements and the company's capacity utilisation remains close to 100 per cent.

Separately, the company has contracted to sell one very large gas carrier, Jag Vishnu, with the sale expected to complete in the fourth quarter of FY26. The completion of that sale and the induction of the acquired Kamsarmax are planned to be managed within the company's operating calendar. Further regulatory filings and stock exchange disclosures will follow as required under applicable rules. Enquiries have been directed to the corporate communications channel for further details.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..