Quarterly Updates26 Dec 2025, 04:41 pm
G E Shipping Contracts to Sell Its 2002 Built Very Large Gas Carrier 'Jag Vishnu'
AI Summary
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2002 built Very Large Gas Carrier, Jag Vishnu of about 77,922 cbm to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26. This sale brings the company’s current owned fleet to 39 vessels, comprising 25 Tankers and 14 Dry Bulk Carriers aggregating 3.17 Mn dwt. Additionally, the company has contracted to buy one secondhand Very Large Gas Carrier, one secondhand Ultramax Dry Bulk Carrier and sell one Kamsarmax Dry Bulk Carrier 'Jag Aarati'. These purchase and sale transactions are expected to be completed in Q4 FY26.
Key Highlights
- G E Shipping to sell its 2002 built Very Large Gas Carrier 'Jag Vishnu' to an unaffiliated third party.
- The vessel will be delivered to the new buyer in Q4 FY26.
- The sale brings the company’s current owned fleet to 39 vessels, comprising 25 Tankers and 14 Dry Bulk Carriers aggregating 3.17 Mn dwt.
- The company has also contracted to buy one secondhand Very Large Gas Carrier and one secondhand Ultramax Dry Bulk Carrier.
- The company has also contracted to sell one Kamsarmax Dry Bulk Carrier 'Jag Aarati'.