Great Eastern Ship.

The Great Eastern Shipping Company contracted to buy a secondhand Kamsarmax dry-bulk carrier of about 81,609 dwt, built in 2019, with delivery expected in the third quarter of FY27. The purchase was to be financed entirely from internal accruals and was intended to expand the fleet. A separate 81,886-dwt Kamsarmax contracted in August was also due to join in the same quarter. GE Shipping's owned fleet comprised 40 vessels totalling 3.24m dwt, including 15 dry-bulk carriers, with capacity utilisation close to 100%.

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The Great Eastern Shipping Company approved a buyback of up to 58,82,352 fully paid equity shares through the open-market route, excluding promoters and promoter-group shareholders. The programme had a maximum size of ₹900 crore and a maximum price of ₹1,530 per share, representing 4.12% of the paid-up equity capital. The company was required to deploy at least ₹675 crore, which would result in a minimum indicative purchase of 44,11,764 shares at the maximum price. A public announcement setting out the process, timelines and other statutory details was to follow in due course. Great Eastern Shipping had paid an interim dividend of ₹14.40 per share for the June 2026 quarter, its 18th consecutive quarterly dividend. The company operated a fleet of roughly 40 vessels and had net cash of about US$700m at March 2026.

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Aug 27 (Reuters) - The Great Eastern Shipping Company Limited GESC.NS:

• GREAT EASTERN SHIPPING - TO BUYBACK SHARES UPTO 9 BILLION RUPEES

Source text: ID:nNSE1xdcqj

Further company coverage: GESC.NS

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** Shares of Great Eastern Shipping Company GESC.NS up 2.7% to 286.3 rupees

** Co said, on Aug 27, it will consider proposal to buyback shares

** Co did not disclose details on the size or timing of the potential buyback

** Stock set to rise for a third straight session

** More than 1.6 mln shares traded, 1.8x their 30-day moving avg

** YTD, GESC up ~20%

(Reporting by Anuran Sadhu in Bengaluru)

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The Great Eastern Shipping Company said its board would meet on August 27 to consider a proposal to buy back its fully paid-up equity shares. The company gave no details on the potential size, price or method of the buyback. Management had said it was waiting before announcing a buyback, while the company held about US$700 million in net cash at March 2026 and gross debt-to-equity of about 0.06 times. Its fleet comprised about 40 vessels and it reported consolidated net profit of ₹2,942 crore for the year ended March 2026.

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The Great Eastern Shipping Company said its board would meet on August 27 to consider a proposal to buy back fully paid-up equity shares. The trading window for the company’s securities was scheduled to remain closed from August 25 to August 29. The company had declared an interim dividend of ₹14.40 a share for its latest quarter, extending a run of 18 consecutive quarterly dividends. It held roughly US$700 million in net cash at the end of March 2026 and operated a fleet of about 40 vessels. Consolidated operating revenue for the year to March 2026 was about ₹5,409 crore.

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Aug 24 (Reuters) - The Great Eastern Shipping Company Limited GESC.NS:

• GREAT EASTERN SHIPPING - TO CONSIDER BUYBACK OF EQUITY SHARES ON AUGUST 27, 2026

Source text: ID:nBSE4F9xMh

Further company coverage: GESC.NS

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The Great Eastern Shipping Company contracted to buy a secondhand 81,886 dwt Kamsarmax dry-bulk carrier built in 2015, with delivery expected in the third quarter of FY27. The vessel was to be financed entirely from internal accruals, and the company said the acquisition was intended to expand its fleet. Its owned fleet comprised 40 vessels totalling 3.24m dwt, including 15 dry-bulk carriers and 10 Kamsarmaxes. GE Shipping had recently been replacing older ships with younger second-hand tonnage, while net cash stood at about US$600m after the first quarter of FY27.

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** Shares of India's Great Eastern Shipping Company GESC.NS rise as much as 14.3% to 1598.90 rupees, their highest level since May 27, 2026; last up 4.3%

** Stock on track for their biggest intraday percentage gain since May 18, 2026

** Maritime transport and oilfield services provider reports June-quarter consol net profit more than doubles to 13.09 billion rupees ($137.39 million) from 5.05 billion a year earlier

** Revenue from operations up 66.8% Y/Y in the quarter

** More than 3.1 million shares change hands, about 6.5x the 30-day average volume - LSEG compiled data

** Stock up 29.2% YTD

($1 = 95.2750 Indian rupees)

(Reporting by Payel Das in Bengaluru)

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Aug 3 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• JUNE-QUARTER CONSOL NET PROFIT 13.09 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 20.05 BILLION RUPEES

• DECLARES DIVIDEND OF 14.4 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: GESC.NS

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July 9 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GE SHIPPING TAKES DELIVERY OF 2015 BUILT LONG RANGE 2 TANKER 'JAG LAXMAN'

Source text: ID:nBSE1TtVpr

Further company coverage: GESC.NS

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June 16 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GREAT EASTERN SHIPPING - TO BUY A SECONDHAND LONG RANGE 2 TANKER OF ABOUT 110,000 DWT

Source text: ID:nBSE4gThvc

Further company coverage: GESC.NS

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May 14 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• MARCH-QUARTER CONSOL NET PROFIT 10.44 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 15.11 BILLION RUPEES

• DECLARES DIVIDEND OF 11.70 RUPEES PER SHARE

Source text: ID:nNSEbfmzRC

Further company coverage: GESC.NS

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May 13 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GREAT EASTERN SHIPPING - GE SHIPPING DELIVERS 2007 BUILT TANKER 'JAG PRAKASH' CONTRACTED FOR SALE IN Q1 FY27

• GREAT EASTERN SHIPPING - DELIVERED "JAG PRAKASH" TANKER TO BUYERS;WAS CONTRACTED FOR SALE IN Q1 FY27

Source text: ID:nNSE7FBZ7Q

Further company coverage: GESC.NS

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April 7 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GREAT EASTERN SHIPPING - GE SHIPPING TO SELL 2003 BUILT TANKER JAG PANKHI, DELIVERY IN Q1 FY27

• GREAT EASTERN SHIPPING - GE SHIPPING TO BUY TWO SECONDHAND VESSELS AND SELL JAG PRAKASH, COMPLETION IN Q1 FY27

Source text: ID:nBSE2GvNV5

Further company coverage: GESC.NS

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April 6 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GE SHIPPING CONTRACTS TO SELL MEDIUM RANGE TANKER JAG PRAKASH OF 47,848 DWT

Source text: ID:nBSE7XQMFX

Further company coverage: GESC.NS

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April 1 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GE SHIPPING CONTRACTS TO BUY SECONDHAND MEDIUM RANGE TANKER OF 49,420 DWT

Source text: ID:nBSE6nvZF

Further company coverage: GESC.NS

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March 4 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GREAT EASTERN SHIPPING - CONTRACTS TO BUY KAMSARMAX DRY BULK CARRIER

• GREAT EASTERN SHIPPING - VESSEL EXPECTED TO JOIN FLEET BY Q1 FY27

Further company coverage: GESC.NS

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Oct 14 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• TAKES DELIVERY OF KAMSARMAX DRY BULK CARRIER

Source text: ID:nNSE1z1P54

Further company coverage: GESC.NS

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Sept 22 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• TAKES DELIVERY OF KAMSARMAX DRY BULK CARRIER

Source text: ID:nBSE4WQqJ

Further company coverage: GESC.NS

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Sept 2 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GREAT EASTERN SHIPPING COMPANY LTD - CONTRACTS TO BUY KAMSARMAX DRY BULK CARRIER

Source text: ID:nBSE4P57vq

Further company coverage: GESC.NS

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Repeats story with no changes to text

By Nidhi Verma and Mohi Narayan

NEW DELHI, July 29 (Reuters) - The owners of three vessels chartered by India's Nayara Energy have asked to end their contracts with company, six sources familiar with the matter said on Tuesday, under pressure from EU sanctions imposed on the Russian-owned refiner.

Nayara, majority-owned by Russian entities including oil major Rosneft ROSN.MM, runs India's third-biggest refinery and exports refined products and also supplies them domestically.

Fresh European Union sanctions unveiled on July 18 that target Russia and its energy sector over Moscow's war in Ukraine, have been increasingly disruptive to Nayara. Reuters earlier reported it has been forced to reduce operations at its 400,000-barrels-per-day refinery due to fuel storage constraints.

India-based Seven Islands Shipping Ltd SEVI.NS and Great Eastern Shipping Co GESC.NS (GESCO) have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters.

Seven Islands is seeking the release of its medium-range vessels Bourbon and Courage, while GESCO has sought the return of the Jag Pooja, the sources said.

The sources declined to be named as they were not authorised to speak to the media.

Mumbai-based Nayara did not immediately respond to a Reuters request for comment. It has previously criticised the EU sanctions, calling them " unjust and unilateral ".

Seven Islands and GESCO did not immediately respond to requests for comment.

Bourbon is anchored near Vadinar port in western India, where Nayara's refinery is based, while Courage and Jag Pooja are floating off Kochi and Ennore ports, respectively, data from analytics firm Kpler showed.

Another tanker, Sanmar Songbird, chartered by Indian state refiner Hindustan Petroleum Corp HPCL.NS, was scheduled to load gasoline from Nayara on Tuesday, according to three sources and LSEG data. But it has since been diverted to load from Mangalore Refinery and Petrochemicals Ltd MRPL.NS, sources said.

The diversion was due to the sanctions and the lack of available insurance cover for the voyage, they said.

HPCL and Sanmar did not immediately respond to requests for comment.

India has become the biggest importer of Russian seaborne crude since Moscow launched its full-scale invasion of Ukraine in early 2022.

Last week, Reuters reported that a tanker carrying Russian Urals crude was diverted from Nayara's Vadinar port following the EU sanctions announcement, while two other tankers skipped loading refined products there.

Nayara's CEO resigned in the wake of the new sanctions, and the company filed a court case in India against Microsoft MSFT.O after the U.S. software giant suspended services to the firm.

(Reporting by Nidhi Verma and Mohi Narayan in New Delhi; Additional reporting by Trixie Yap in Singapore; Editing by Florence Tan, Tony Munroe, Bernadette Baum and Joe Bavier)

(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))

Recasts, adds details on ships, details from paragraph 7

By Nidhi Verma and Mohi Narayan

NEW DELHI, July 29 (Reuters) - The owners of three vessels chartered by India's Nayara Energy have asked to end their contracts with company, six sources familiar with the matter said on Tuesday, under pressure from EU sanctions imposed on the Russian-owned refiner.

Nayara, majority-owned by Russian entities including oil major Rosneft ROSN.MM, runs India's third-biggest refinery and exports refined products and also supplies them domestically.

Fresh European Union sanctions unveiled on July 18 that target Russia and its energy sector over Moscow's war in Ukraine, have been increasingly disruptive to Nayara. Reuters earlier reported it has been forced to reduce operations at its 400,000-barrels-per-day refinery due to fuel storage constraints.

India-based Seven Islands Shipping Ltd SEVI.NS and Great Eastern Shipping Co GESC.NS (GESCO) have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters.

Seven Islands is seeking the release of its medium-range vessels Bourbon and Courage, while GESCO has sought the return of the Jag Pooja, the sources said.

The sources declined to be named as they were not authorised to speak to the media.

Mumbai-based Nayara did not immediately respond to a Reuters request for comment. It has previously criticised the EU sanctions, calling them " unjust and unilateral ".

Seven Islands and GESCO did not immediately respond to requests for comment.

Bourbon is anchored near Vadinar port in western India, where Nayara's refinery is based, while Courage and Jag Pooja are floating off Kochi and Ennore ports, respectively, data from analytics firm Kpler showed.

Another tanker, Sanmar Songbird, chartered by Indian state refiner Hindustan Petroleum Corp HPCL.NS, was scheduled to load gasoline from Nayara on Tuesday, according to three sources and LSEG data. But it has since been diverted to load from Mangalore Refinery and Petrochemicals Ltd MRPL.NS, sources said.

The diversion was due to the sanctions and the lack of available insurance cover for the voyage, they said.

HPCL and Sanmar did not immediately respond to requests for comment.

India has become the biggest importer of Russian seaborne crude since Moscow launched its full-scale invasion of Ukraine in early 2022.

Last week, Reuters reported that a tanker carrying Russian Urals crude was diverted from Nayara's Vadinar port following the EU sanctions announcement, while two other tankers skipped loading refined products there.

Nayara's CEO resigned in the wake of the new sanctions, and the company filed a court case in India against Microsoft MSFT.O after the U.S. software giant suspended services to the firm.

(Reporting by Nidhi Verma and Mohi Narayan in New Delhi; Additional reporting by Trixie Yap in Singapore; Editing by Florence Tan, Tony Munroe, Bernadette Baum and Joe Bavier)

(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))

** Indian shipping stocks rise, outliers in a weak market .BO

** Great Eastern Shipping Co GESC.NS rises 6%, Shipping Corp of India SCI.NS jumps 10%

** Jump on the day sentiment-driven, on fears Israel-Iran conflict may widen, which could disrupt oil supply and drive up tanker demand and rates - Aishvarya Dadheech, founder and chief executive of Fident Asset Management

** Crude prices have soared on the day, last up more than 9%, dragging local refiners and lifting oil producers

** YTD, GESC up over 7%, SCI up more than 11%

(Reporting by Hritam Mukherjee in Bengaluru)

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March 7 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• BOARD APPROVES LIQUIDATION OF WHOLLY OWNED SUBSIDIARY GESL

Source text: ID:nBSE3Tmy5h

Further company coverage: GESC.NS

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Jan 24 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• TO SELL SUPRAMAX DRY BULK CARRIER JAG RISHI

• VESSEL DELIVERY TO NEW BUYER BY Q4 FY25

Source text: ID:nBSE1TZtpR

Further company coverage: GESC.NS

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Dec 13 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• GREAT EASTERN SHIPPING - DELIVERED 2005 BUILT MEDIUM RANGE PRODUCT TANKER TO BUYERS

Source text: ID:nNSE7VYhnk

Further company coverage: GESC.NS

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Oct 31 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• CONTRACTED TO SELL ITS 2005 BUILT MEDIUM RANGE PRODUCT TANKER, JAG PADMA

Source text: ID:nBSEbYw3R5

Further company coverage: GESC.NS

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Sept 13 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• CONTRACTED TO SELL SUEZMAX CRUDE TANKER OF ABOUT 158,344 DWT

• VESSEL WILL BE DELIVERED BY Q3 FY25

Source text for Eikon: ID:nBSE4gQQ2q

Further company coverage: GESC.NS

(Reporting by VijayDattaram Malkar)

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Aug 16 (Reuters) - Great Eastern Shipping Company Ltd GESC.NS:

• TOOK DELIVERY OF A 2013 BUILT MEDIUM RANGE PRODUCT TANKER

• CO HAD CONTRACTED TO BUY VESSEL IN Q1FY25

Further company coverage: GESC.NS

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