Shares of The Great Eastern Shipping Company Limited (G E Shipping) rose over 2% after the company announced the sale of its 2005-built Suezmax crude oil tanker, Jag Lok, to an unaffiliated third-party buyer. The tanker, with a capacity of approximately 158,280 deadweight tonnage (dwt), is set for delivery by Q3 FY26.
This move is part of G E Shipping’s strategy to optimize its fleet, balancing the sale of older vessels with the addition of newer, more efficient ships.
Following this sale, G E Shipping’s fleet now stands at 38 vessels with a total capacity of 3.04 million dwt. The fleet includes:
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26 tankers: five crude tankers, seventeen product tankers, and four LPG carriers
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12 dry bulk carriers: two Capesize, eight Kamsarmax, and two Supramax vessels
This diversified fleet allows the company to operate efficiently across different shipping segments, from crude and product transport to dry bulk cargo.
In addition, G E Shipping is set to acquire two secondhand Kamsarmax dry bulk carriers and one Suezmax crude tanker, expected to join the fleet by Q3 FY26. These acquisitions aim to boost carrying capacity and strengthen the company’s presence in both the crude oil and dry bulk markets.
G E Shipping shares were up 1.99% at ₹1,015.50 apiece around 10.06 am. It has jumped 4.70% this year, so far.
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