Great Eastern Shipping Co. Ltd.
1,518.60
INR
+12.30
(+0.82%)
ISIN
INE017A01032
Return %
Stock
S&P 500
1Y
46.58
14.20
3Y
76.74
81.12
5Y
378.45
68.34
Capital Structure
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- CEO
- Bharat Kanaiyalal Sheth
- Full Time Employees
- 2,176
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- Ocean House Mumbai MA India 400018
- IPO Date
- Jan 18, 1994
- Website
- greatship.com
- Similar Companies
- Business
- The Great Eastern Shipping Company Limited is a leading Indian shipping company engaged primarily in the transportation of crude oil, petroleum products, liquified gas, and dry bulk commodities, alongside offshore oilfield services. Founded in 1948 and headquartered in Mumbai, the company operates a diversified fleet comprising tankers, dry bulk carriers, and offshore support vessels through its wholly owned subsidiary Greatship (India) Limited. Its shipping business includes the operation of crude oil tankers, product tankers, and dry bulk vessels, while its offshore segment provides exploration and production support services such as platform supply vessels, anchor handling tug supply vessels, and mobile offshore drilling units. The company’s main products and services include maritime transport of energy and bulk cargoes; ownership and operation of crude oil and product tankers; dry bulk carrier services; offshore support vessels for oil and gas exploration and production; and ship management services. It serves diverse clientele including oil companies, refineries, mining firms, and manufacturers across India and overseas markets. The company holds important certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, demonstrating its commitment to quality, safety, and environmental standards. Recent major changes include a significant fleet expansion in 2025 with acquisitions of new and secondhand vessels such as a Kamsarmax dry bulk carrier (approximate 81,922 dwt), a secondhand Kamsarmax bulk carrier, and a Suezmax crude carrier, expected to join the fleet by the third quarter of fiscal year 2026. Earlier, in 2024, it added a medium-range product tanker and divested older vessels as part of a strategic fleet modernization initiative. The company continues to focus on operational efficiency and environmental compliance, including investments in retrofitting its fleet to meet International Maritime Organization regulations such as the 2020 sulfur cap. These moves reinforce its strategy of modernizing and expanding its fleet while sustaining high utilization rates. The Great Eastern Shipping Company Limited serves both domestic and international markets and operates with a fleet totaling around 49 vessels as of 2025, including approximately 27 tankers and 22 dry bulk carriers, with a total deadweight tonnage exceeding 3.3 million. The company reported strong financial performance with growing revenues and profits in recent years, reflecting robust demand and effective fleet management. Its long-standing presence and strategic initiatives position it as a pivotal player in the Indian maritime and offshore services industry.