The Great Eastern Shipping Company (GE Shipping) has contracted to sell its 2009 built Long Range 2 Tanker ‘Jag Lokesh’ of about 105,900 dwt, to an unaffiliated third party. The vessel will be delivered to the new buyer in Q2 FY27.
Including Jag Lokesh, the company’s current owned fleet stands at 40 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The company’s current capacity utilization is close to 100%.
Additionally, the company has contracted to buy one secondhand Long Range 2 Product Tanker (2015 built) and this purchase transaction is expected to be completed in Q2 FY27.
The Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.
