Great Eastern Shipping Sells Jag Vishnu Gas Carrier
The Great Eastern Shipping Company Limited (G E Shipping) has finalized a deal to sell its 2002-built Very Large Gas Carrier, Jag Vishnu, to an unaffiliated third party. The transaction is set to be completed by December 26, 2025, with the vessel’s delivery scheduled for the fourth quarter of fiscal year 2026. This move is part of the company’s ongoing strategy to optimize its fleet.
Fleet Update and Future Transactions
With the sale of Jag Vishnu, G E Shipping’s fleet will consist of 39 vessels, including 25 tankers and 14 dry bulk carriers. The tankers include five crude tankers, 16 product tankers, and four LPG carriers, while the dry bulk segment features two Capesize, 10 Kamsarmax, and two Supramax vessels. The total deadweight tonnage of the fleet stands at approximately 3.17 million dwt.
In addition to the sale of Jag Vishnu, G E Shipping has also contracted to acquire a secondhand Very Large Gas Carrier and a secondhand Ultramax Dry Bulk Carrier. Concurrently, the company plans to sell one Kamsarmax Dry Bulk Carrier named Jag Aarati. These transactions are anticipated to be finalized in the fourth quarter of fiscal year 2026, further reshaping the company’s operational capabilities.
On the stock market, shares of The Great Eastern Shipping Company Limited were last recorded at Rs. 1106.95, slightly down from the previous close of Rs. 1108.90. During the trading session, 6,014 shares changed hands across more than 555 trades, with an intraday high of Rs. 1112.50 and a low of Rs. 1097.00. The total turnover for the day reached Rs. 6,642,490.00, reflecting active trading interest in the company’s stock.
As G E Shipping continues to adapt its fleet and enhance its market position, these strategic moves signal a proactive approach to maintaining competitiveness in the shipping industry.
