Questions across 4 calls

Vaibhav Badjatya

Honesty and Integrity Investment

The Great Eastern Shipping Company Limited

The Great Eastern Shipping Company Limited CC-May26.pdf · 2026-05-15

Hi. Can you hear me?

Thanks a lot for providing the opportunity. So, firstly, [inaudible 0:11:53] important things that are geopolitically. So, I know the outcome of whatever is happening, nobody can predict. But in both the situations like [inaudible 0:12:08] outcome where everything normalizes whenever it happens. Do you think the markets are likely to pan out in terms of whether these inefficiencies might continue for some time? Or do you think the situation can normalize pretty quickly? And in the other scenario where things normalize, how do you think the markets will behave? Because ultimately slowly the inefficiencies will come out in the sense that there will be tankers who will find ways to come out of Strait of Hormuz to be availabl e on the other routes slowly and steadily. So do you think the rates might behave after some time if the situation continues on the other [inaudible 0:12:57] go down? So what's your assessment in both the scenarios, whatever way it happens?

The Great Eastern Shipping Company Limited CC-Dec24.pdf · 2025-01-28

So, on the recent sanctions that have been imposed, if you can help us, firstly quantifying it in terms of as a percentage of the total fleet, how many crude and product tankers have been sanctioned? And secondly, whatever these sanctioned tankers are, I mean, where they can be put to use? And do you see a case where these tankers will not be able to put to use and that's why it might create some tightness in the market, or how this overall thing is going to impact in your assessment?

So, I think I might have missed your comment. You said that these ships which were sanctioned in the earlier rounds, not the latest one, they have not been able to put to use broadly.

The Great Eastern Shipping Company Limited CC-Mar24.pdf · 2024-05-10

So, on this Saudi Aramco changes in the capacity and cancellation of rate, are you also seeing some impact on OSV market or it is largely restricted to rigs?

And in the context that get repriced in first half '25? If you can help us understand broadly what is the extent of repricing both on PSVs and anchor handling supply vessels separately broadly, what is the current rate they're earning, which is coming into our financials and what is the last pricing which is indication of this?

The Great Eastern Shipping Company Limited CC-Dec23.pdf · 2024-01-31

I just have one question. As you said during your presentation that the utilization and rates were for the rigs market and for basically oil and gas assets market improved in last few years because of increased activity in Middle East . Now we have also seen the recent announcement by Aramco, under which they are going to stop spending on increasing their capacity. I just wanted to have your thoughts on how this can impact this market and on an overall basis this can be a huge impact.

But in terms of, can they return the asset , I don't know how the contractual terms work in this scenario?