Great Eastern Shipping takes delivery of VLGC "Jag Vikrant"

Great Eastern Shipping Company Ltd has taken delivery of its 2015-built secondhand Very Large Gas Carrier (VLGC) named "Jag Vikrant", with a capacity of approximately 82,000 cbm. The company had contracted to purchase this vessel in Q3 FY27 and financed the acquisition entirely through internal accruals. This acquisition brings GE Shipping's total owned fleet to 42 vessels, comprising 26 Tankers and 16 Dry Bulk Carriers, with an aggregate deadweight tonnage of 3.38 million. The company also has a secondhand Kamsarmax dry bulk carrier expected to join in Q3 FY27 and a newbuilding Suezmax tanker scheduled for delivery in H2 FY2028-29. GE Shipping's current capacity utilization is reported to be close to 100%.