GE Shipping to Sell 2007 Built Medium Range Tanker 'Jag Prakash' in Q1 FY27

The Great Eastern Shipping Company Limited (GE Shipping) has contracted to sell its 2007 built Medium Range Tanker 'Jag Prakash' of about 47,848 dwt to an unaffiliated third party. The vessel is expected to be delivered in Q1 FY27. This sale brings the company’s current owned fleet to 40 vessels, including 26 Tankers and 14 Dry Bulk Carriers. Furthermore, the company has contracted to buy one secondhand Kamsarmax Dry Bulk Carrier and one secondhand Medium Range Tanker, which are expected to be completed in Q1 FY27.