Shares of The Great Eastern Shipping Company were in focus on Friday after the company informed exchanges that it has delivered its 2011-built Kamsarmax dry bulk carrier “Jag Aarati” to buyers. The vessel sale was part of a transaction contracted during the third quarter of FY26, as disclosed in a regulatory filing.
Following the delivery, Great Eastern Shipping’s owned fleet now stands at 39 vessels, comprising 26 tankers and 13 dry bulk carriers, with an aggregate capacity of 3.14 million deadweight tonnes (dwt). The tanker fleet includes crude, product, and LPG carriers, while the dry bulk segment consists of Capesize, Kamsarmax, and Supramax vessels.
The company also outlined further fleet actions scheduled for the fourth quarter of FY26. It has contracted to acquire one secondhand Ultramax dry bulk carrier and one secondhand medium range tanker, while also planning the sale of its very large gas carrier ‘Jag Vishnu’. These transactions indicate continued portfolio optimisation as the company realigns its asset mix.
The disclosure highlights Great Eastern Shipping’s ongoing strategy of active fleet management through selective asset sales and acquisitions, with the latest delivery marking a completed step in its FY26 vessel monetisation plan.
