New Delhi, Sept. 30 -- Great Eastern Shipping Co. (GE Shipping) is benefiting from the sharp rise in shipping freight rates amid disruptions in global trade flows following the Russia-Ukraine war and the West Asia war. With only about 25-26% of the company's tonnage operating under time charters currently, it has a vast presence in the spot market, thus benefitting from the surge in freight rates.

Average Suezmax rates in the June quarter (Q1FY27) more than tripled to $143,000 per day from Q1FY26. Freight rates for other segments also rose by 70-180%. So, consolidated Ebitda rose 110% year-on-year to Rs.1,327 crore last quarter. Elevated freight rates should continue to support near-term earnings prospects.

Additionally, a strong cash p...