No capacity expansion at current asset prices
Management stated they are not investing in new ships at today's high prices, preferring to wait for a market downturn to deploy cash.
GESHIP / guidance tracker
Keep management guidance in view.
The Great Eastern Shipping Company · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
capex
Offshore segment ~80% covered for FY27 at current rates
Approximately 80% of offshore vessel days are fixed at current strong rates for the next financial year.
Dividend payout ratio increased to ~25%
Dividend payout ratio has been raised from 17-18% to around 25% for the current fiscal year.
80% of shipping days locked for FY27
Approximately 80% of vessel days for the current financial year have already been fixed, providing high revenue visibility.
Three rigs up for repricing in FY27
Three offshore rigs are due for contract repricing this fiscal year, with one already completed its short-term contract.
Debt to be fully repaid within 2 years
Group debt of $157 million as of March 31, 2026, is expected to be fully repaid within the next two years.