GE Shipping Delivers 2007 Built Medium Range Tanker Jag Prakash

15 May 2026 CW Team

On 13 May 2026 The Great Eastern Shipping Company Limited (GE Shipping) delivered its 2007 built Medium Range Tanker Jag Prakash to the buyers following a sale contracted in the first quarter of fiscal year 2027. The transaction was announced in a corporate filing and settled on delivery in May. The delivery reduces the company owned fleet by the sold vessel while realigning its commercial operations. The company indicated the sale was executed in line with its capital management plans.

After the sale GE Shipping’s current owned fleet stands at 40 vessels, comprising 25 tankers and 15 dry bulk carriers. The tanker count includes five crude tankers, 16 product tankers and four LPG carriers. The dry bulk segment comprises two Capesize vessels, 10 Kamsarmax vessels, one Ultramax and two Supramax vessels, aggregating three point two four million (mn) deadweight tonnage (dwt). Fleet metrics will continue to be reviewed alongside commercial chartering activity and market conditions.

The company has concurrently contracted to acquire one secondhand Medium Range Tanker and has contracted to sell its Medium Range Tanker Jag Pankhi, with completion of these transactions expected in Q1 FY27. These moves form part of a fleet renewal and optimisation strategy aimed at maintaining trade flexibility across oil and dry bulk markets. The purchases and disposals were noted in corporate disclosures filed with market regulators. Regulatory filings detail the contractual terms and the sequence of delivery and handover.

The delivery was recorded in Mumbai on 13 May 2026 and the company provided contact details for further information. Corporate communications contact remains available through the company email address supplied in the filing. The filing also directs readers to the company website for archival information and regulatory disclosures. Stakeholders are advised to refer to the official regulatory filing for full disclosure and timelines publicly available.

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