India-based Great Eastern Shipping Company Limited (G E Shipping) has disposed of another tanker as it continues a careful renewal of its fleet.
In a stock exchange filling on Oct. 17, the company said it has sealed a deal to sell its 2005-built medium range product tanker, Jag Pooja, of about 48,539 dwt on October 17 to an unaffiliated third party.
The company didn’t disclose any financial details in its filing.
As stated, the vessel will be delivered to the new buyer by the third quarter of the fiscal year 2026 (Q3 FY26).
Including the vessel Jag Pooja, 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, 10 kamsarmax, 2 supramax), aggregating 3.21 mn dwt.
Additionally, in the second quarter of the fiscal year 2026 (Q2 FY26), the company has contracted to buy one secondhand suezmax crude tanker, and contracted to sell one secondhand suezmax crude tanker.
These three purchase and sale transactions are expected to happen by the third quarter of the fiscal year 2026 (Q3 FY26).
