Sale15 Sept 2025, 04:16 pm
G E Shipping Contracts to Sell Its 2005 Built Suezmax Crude Tanker Jag Lok
AI Summary
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2005 built Suezmax Crude Tanker, Jag Lok of about 158,280 dwt on September 15, 2025 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY26. This sale brings the company’s current fleet to 38 vessels, comprising 26 tankers and 12 dry bulk carriers aggregating 3.04 Mn dwt. Furthermore, the company has contracted to buy 2 secondhand Kamsarmax dry bulk carriers and 1 Suezmax crude tanker in Q2 FY26, all expected to join the fleet by Q3 FY26.
Key Highlights
- G E Shipping to sell its 2005 built Suezmax Crude Tanker Jag Lok
- Vessel to be delivered to new buyer by Q3 FY26
- Current fleet stands at 38 vessels, including 26 tankers and 12 dry bulk carriers
- Company's fleet aggregates 3.04 Mn dwt
- G E Shipping has contracted to buy 2 secondhand Kamsarmax dry bulk carriers and 1 Suezmax crude tanker in Q2 FY26