GE Shipping Takes Delivery of LR2 Tanker 'Jag Laxman'

The Great Eastern Shipping Company Limited (GE Shipping) has taken delivery of a 2015-built Long Range 2 Tanker named 'Jag Laxman', with a capacity of approximately 109,990 dwt. The company had contracted to purchase this vessel in Q1 FY27, and the acquisition has been financed entirely through internal accruals. This delivery brings GE Shipping's total owned fleet to 41 vessels, comprising 26 tankers and 15 dry bulk carriers, with an aggregate deadweight tonnage of 3.35 million. The company's current capacity utilization is reported to be close to 100%. Additionally, GE Shipping has contracted to sell one secondhand LR2 Product Tanker, with the transaction expected to conclude in Q2 FY27.