Sale18 Dec 2025, 10:54 am
G E Shipping Contracts to Sell Its 2011 Built Kamsarmax Dry Bulk Carrier Jag Aarati
AI Summary
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2011 built Kamsarmax Dry Bulk Carrier, Jag Aarati of about 80,324 dwt on December 18, 2025 to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26. This sale is part of the company's strategic decisions, which also include the contract to sell one Suezmax crude tanker and the contract to buy one secondhand Ultramax dry bulk carrier. After these transactions, the company's current owned fleet will stand at 40 vessels, comprising 26 tankers and 14 dry bulk carriers aggregating 3.32 mn dwt.
Key Highlights
- G E Shipping has contracted to sell its 2011 built Kamsarmax Dry Bulk Carrier, Jag Aarati of about 80,324 dwt.
- The vessel will be delivered to the new buyer in Q4 FY26.
- The company has also contracted to sell one Suezmax crude tanker.
- Additionally, the company has contracted to buy one secondhand Ultramax dry bulk carrier.
- After these transactions, the company's current owned fleet will stand at 40 vessels, comprising 26 tankers and 14 dry bulk carriers aggregating 3.32 mn dwt.