+
Great Eastern Shipping Invests $160 Million in Fleet Renewal
PORTS & SHIPPING

Great Eastern Shipping Invests $160 Million in Fleet Renewal

Great Eastern Shipping, one of India’s leading private sector shipping companies, has announced a significant investment of $160 million aimed at renewing its fleet. This strategic move is designed to enhance operational efficiency and strengthen the company’s position in the global shipping market.

The investment will fund the acquisition of new vessels, including advanced tankers and bulk carriers, which are expected to replace older ships in the fleet. By upgrading its fleet, Great Eastern Shipping aims to improve fuel efficiency, reduce emissions, and meet the latest international regulations for maritime operations. The new vessels will be equipped with state-of-the-art technology and modern amenities, ensuring optimal performance and safety.

This fleet renewal initiative is part of the company’s broader strategy to maintain a competitive edge in the dynamic shipping industry. With global shipping demand fluctuating and environmental regulations becoming more stringent, updating the fleet will help Great Eastern Shipping adapt to changing market conditions and regulatory requirements.

In addition to enhancing operational capabilities, the investment will also support the company’s commitment to sustainability. The new vessels are expected to have lower environmental impact, aligning with global efforts to reduce greenhouse gas emissions and promote greener shipping practices.

Great Eastern Shipping’s investment reflects a growing trend among shipping companies to modernize their fleets in response to evolving industry standards and market demands. The company’s proactive approach to fleet renewal positions it well for future growth and success in the competitive maritime sector.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Great Eastern Shipping, one of India’s leading private sector shipping companies, has announced a significant investment of $160 million aimed at renewing its fleet. This strategic move is designed to enhance operational efficiency and strengthen the company’s position in the global shipping market. The investment will fund the acquisition of new vessels, including advanced tankers and bulk carriers, which are expected to replace older ships in the fleet. By upgrading its fleet, Great Eastern Shipping aims to improve fuel efficiency, reduce emissions, and meet the latest international regulations for maritime operations. The new vessels will be equipped with state-of-the-art technology and modern amenities, ensuring optimal performance and safety. This fleet renewal initiative is part of the company’s broader strategy to maintain a competitive edge in the dynamic shipping industry. With global shipping demand fluctuating and environmental regulations becoming more stringent, updating the fleet will help Great Eastern Shipping adapt to changing market conditions and regulatory requirements. In addition to enhancing operational capabilities, the investment will also support the company’s commitment to sustainability. The new vessels are expected to have lower environmental impact, aligning with global efforts to reduce greenhouse gas emissions and promote greener shipping practices. Great Eastern Shipping’s investment reflects a growing trend among shipping companies to modernize their fleets in response to evolving industry standards and market demands. The company’s proactive approach to fleet renewal positions it well for future growth and success in the competitive maritime sector.

Next Story
Infrastructure Urban

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Next Story
Infrastructure Urban

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Next Story
Infrastructure Urban

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?