The Great Eastern Shipping Company (G E Shipping) has signed a contract to sell its 2005-built Suezmax Crude Tanker, Jag Lok (about 158,280 dwt) to an unaffiliated third party. The vessel is scheduled for delivery to the buyer by Q3 FY26.

Following this transaction, G E Shipping’s fleet will consist of 38 vessels, including 26 tankers (5 crude tankers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, 2 Supramax), with an aggregate capacity of 3.04 million dwt.

In addition, the company has contracted to acquire two secondhand Kamsarmax dry bulk carriers and one Suezmax crude tanker in Q2 FY26. These vessels are expected to join the fleet by Q3 FY26.

News source: BSE