Jag Amit joins Great Eastern Shipping as its 11th Kamsarmax bulk carrier

The Great Eastern Shipping Company took delivery of Jag Amit, a secondhand Kamsarmax dry bulk carrier of 81,886 tonnes deadweight (dwt), on 4 November 2026. The acquisition brings the Indian shipowner’s owned fleet to 41 vessels with a combined capacity of approximately 3.33 million dwt.

Great Eastern Shipping contracted to buy the 2015-built vessel on 7 August and financed the purchase entirely from internal accruals. Jag Amit is the first of two Kamsarmax carriers the company agreed to acquire during the July–September quarter. It expects to take delivery of the second bulker and a large gas carrier during the quarter ending 31 December 2026.

How does Jag Amit change the dry bulk fleet?

Kamsarmax vessels now account for 11 of Great Eastern Shipping’s 16 dry bulk carriers, or nearly 69% by vessel count. The remainder comprise two Capesize carriers, one Ultramax and two Supramax vessels. Before the delivery, the company owned 15 bulk carriers, including ten Kamsarmax vessels.

The Kamsarmax design takes its name from the Port of Kamsar in Guinea, where berth dimensions set a length limit for visiting bulk carriers. Shipbuilder Tsuneishi describes its Kamsarmax design as approximately 229 metres long and suitable for grain, coal and iron ore. The two vessels Great Eastern Shipping contracted to buy are similar in carrying capacity, at just under 82,000 dwt each.

Tankers remain the larger part of the company’s owned fleet. Great Eastern Shipping includes five crude oil tankers, 16 product tankers and four liquefied petroleum gas (LPG) carriers in its 25-vessel tanker category. The company reported fleet capacity utilisation close to 100% at the time of the Jag Amit delivery.

Which vessels are due by December?

The outstanding dry bulk purchase is a 2019-built Kamsarmax of approximately 81,609 dwt, contracted on 8 September. Great Eastern Shipping said it would also fund this acquisition from internal accruals. Together, the two bulkers represent 163,495 dwt of contracted capacity, of which Jag Amit accounts for just over half.

The gas carrier purchase followed on 23 October. Great Eastern Shipping agreed to acquire a 2015-built very large gas carrier (VLGC) with cargo capacity of approximately 82,000 cubic metres. The company identified fleet expansion as the purpose of the acquisition and said it planned to use internally generated funds.

The two expected deliveries would take the owned fleet to 43 ships by the end of December, assuming both purchases close as scheduled and the rest of the fleet stays at its 4 November level. On that basis, Great Eastern Shipping would own 12 Kamsarmax bulk carriers and five LPG carriers.

Suezmax tanker follows on a longer delivery schedule

Great Eastern Shipping has also contracted for a new Suezmax tanker of approximately 157,000 dwt. The company signed the contract on 28 September 2026 for construction at a shipyard in the Far East and proposed using internal accruals to finance it. Delivery is scheduled for the second half of the 2028–29 financial year, between October 2028 and March 2029.