G E Shipping contracts to sell 2007 built Medium Range Tanker
The vessel will be delivered to the new buyer in Q1 FY27
The Great Eastern Shipping Company (G E Shipping) has contracted to sell its 2007 built Medium Range Tanker ‘Jag Prakash’ of about 47,848 dwt, to an unaffiliated third party. The vessel will be delivered to the new buyer in Q1 FY27.
Including Jag Prakash, the company’s current owned fleet stands at 40 vessels, comprising 26 Tankers (5 Crude Tankers, 17 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.20 mn dwt.
Additionally, the company has contracted to buy one second-hand Kamsarmax Dry Bulk Carrier and one second-hand Medium Range Tanker, and these transactions are expected to be completed in Q1 FY27.
The Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.
