Deals31 Oct 2024, 05:16 pm
GREAT EASTERN SHIPPING CO.LTD. to Sell Its 2005 Built Medium Range Product Tanker 'Jag Padma' by Q3 FY25
AI Summary
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2005 built Medium Range product tanker, Jag Padma of about 47,999 dwt on October 31, 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY25. This sale brings the company’s current fleet to 41 vessels, comprising 28 tankers and 13 dry bulk carriers aggregating 3.31 mn dwt. Additionally, the company has contracted to sell one Suezmax crude tanker in Sep 2024, which is due for delivery by Q3 FY25.
Key Highlights
- GREAT EASTERN SHIPPING CO.LTD. to sell its 2005 built Medium Range Product Tanker 'Jag Padma'
- The vessel will be delivered to the new buyer by Q3 FY25
- Company’s current fleet stands at 41 vessels
- Fleet comprises 28 tankers and 13 dry bulk carriers
- Company has contracted to sell one Suezmax crude tanker in Sep 2024