The Great Eastern Shipping Company Limited — PPTs, 11-12-2025: Investor Presentation

GE Shipping posted Q2FY26 consolidated net profit of INR 581 Cr and revenue of INR 1,382 Cr. Consolidated NAV reached INR 1,484/share, and an interim dividend of INR 7.20/share was declared. The company strengthened its financial position, shifting to a net cash of ~$549 million.

The shipping market shows promising long-term trends: low new vessel orderbooks (10-29% across segments) and an aging global fleet, hinting at future supply constraints and potential for fleet renewal.

Recent fleet adjustments include contracting for a 6-year-old Ultramax Dry Bulk Carrier and planning to sell two 20-year-old tankers.

Market outlook: Global crude trade grew 7% and product trade 2% YoY in Q2FY26. Dry Bulk spot earnings improved, supported by higher iron ore, grain, and bauxite trade. LPG VLGC spot earnings doubled YoY from rerouting. These factors point to evolving market dynamics.