The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2005 built Medium Range product tanker, Jag Padma of about 47,999 dwt on October 31, 2024 to an unaffiliated third party.

The vessel will be delivered to the new buyer by Q3 FY25.

Including Jag Padma, company’s current fleet stands at 41 vessels, comprising 28 tankers (6 crude carriers, 18 product tankers, 4 LPG carrier) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.31 mn dwt.

Additionally, the company has contracted to sell one Suezmax crude tanker in Sep 2024, which is due for delivery by Q3 FY25.

Great Eastern Shipping Co Ltd. (GE Shipping) press release