The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2004 Medium Range Product Tanker, Jag Pahel of about 46,319 dwt on April 01, 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q1 FY25.

Including Jag Pahel, company’s current fleet stands at 42 vessels, comprising 28 tankers (6 crude carriers, 18 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.36 Mn dwt.

Additionally, we had contracted to buy two MR product tankers in February 2024 and March 2024, which are due for delivery in Q1 FY25.

Source: G E Shipping