Great Eastern Shipping is unlikely to be continuing its recent fleet expansion following steep price rises in its key vessel classes.
India's largest private shipowner bought two secondhand bulkers and a VLGC in March and April.
But managing director Bharat Sheth told analysts on a conference call that prices have now "rallied a great deal".
"And today, if you ask me, I would say that we are really priced out of the four sectors we are in," he added.
