G E Shipping To Sell Kamsarmax Vessel In Q4 FY26

23 Dec 2025 CW Team

The Great Eastern Shipping Company has contracted to sell its 2011-built Kamsarmax dry bulk carrier Jag Aarati, with a carrying capacity of about 80,324 deadweight tonnes, to an unaffiliated third party. The agreement was signed on December 18, 2025, and the vessel is scheduled to be delivered to the buyer in the fourth quarter of FY26.

Following the sale of Jag Aarati, the company’s owned fleet will comprise 40 vessels, including 26 tankers—six crude oil tankers, 16 product tankers and four LPG carriers—and 14 dry bulk carriers. The dry bulk fleet consists of two Capesize, 10 Kamsarmax and two Supramax vessels, with the total fleet aggregating around 3.32 million deadweight tonnes.

Separately, the company has also contracted to sell one Suezmax crude oil tanker, with the transaction expected to be completed in the third quarter of FY26. In addition, it has agreed to acquire one second-hand Ultramax dry bulk carrier, which is scheduled for delivery in the fourth quarter of FY26.

The transactions form part of G E Shipping’s ongoing fleet optimisation strategy, aimed at balancing asset sales and acquisitions in line with market conditions and long-term operational priorities.

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..