+
Great Eastern Shipping To Sell Product Tanker Jag Pooja
PORTS & SHIPPING

Great Eastern Shipping To Sell Product Tanker Jag Pooja

The Great Eastern Shipping Company Ltd has announced the sale of its 2005-built Medium Range Product Tanker Jag Pooja, with a deadweight tonnage (DWT) of about 48,539 tonnes. The vessel was contracted for sale on 17 October 2025 to an unaffiliated third party and is scheduled for delivery to the buyer by the third quarter of FY26.

Following this transaction, Great Eastern Shipping’s owned fleet will consist of 40 vessels — comprising 26 tankers (including five crude tankers, 17 product tankers, and four LPG carriers) and 14 dry bulk carriers (two Capesize, ten Kamsarmax, and two Supramax) — with a combined capacity of 3.21 million DWT.

In addition, during the second quarter of FY26, the company entered into contracts to both acquire and sell one second-hand Suezmax crude tanker each. These three transactions — including the sale of Jag Pooja — are expected to be completed by the third quarter of FY26.

The move forms part of Great Eastern Shipping’s ongoing fleet optimisation strategy, balancing asset sales and acquisitions to maintain operational efficiency and market competitiveness.

The Great Eastern Shipping Company Ltd has announced the sale of its 2005-built Medium Range Product Tanker Jag Pooja, with a deadweight tonnage (DWT) of about 48,539 tonnes. The vessel was contracted for sale on 17 October 2025 to an unaffiliated third party and is scheduled for delivery to the buyer by the third quarter of FY26. Following this transaction, Great Eastern Shipping’s owned fleet will consist of 40 vessels — comprising 26 tankers (including five crude tankers, 17 product tankers, and four LPG carriers) and 14 dry bulk carriers (two Capesize, ten Kamsarmax, and two Supramax) — with a combined capacity of 3.21 million DWT. In addition, during the second quarter of FY26, the company entered into contracts to both acquire and sell one second-hand Suezmax crude tanker each. These three transactions — including the sale of Jag Pooja — are expected to be completed by the third quarter of FY26. The move forms part of Great Eastern Shipping’s ongoing fleet optimisation strategy, balancing asset sales and acquisitions to maintain operational efficiency and market competitiveness.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code