GESHIP

What The Great Eastern Shipping Company promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 9 delivered 4 missed 3 open
  • Project IRR Hurdle Rate delivered said Q4 FY25 Promised: We would like to make at least a 10% IRR on the ships that we buy in U.S dollar terms. Q1 FY27: Management reiterated caution on deploying capital for fleet expansion at high asset prices, which is consistent with maintaining IRR discipline.
  • Vessel Capacity Lock-in for FY26 missed said Q4 FY25 Promised: 80% of our vessel capacity for FY ‘26 has already been locked in at profitable rates. Q1 FY27: Promise concluded in prior quarters. Target was for FY26 and was not met.
  • Group Debt Elimination delayed said Q4 FY26 Promised: Eliminate the $157 million group debt within the next 2 years. Q1 FY27: Management updated the timeline, stating 'Our last debt comes off in Nov’28,' which is beyond the original 'next 2 years' timeframe from Q4 FY26.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for The Great Eastern Shipping Company — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens