G E Shipping Contracts to Sell Kamsarmax Dry Bulk Carrier 'Jag Aarati'
The Great Eastern Shipping Company Limited (G E Shipping) has entered into an agreement to sell its 2011-built Kamsarmax Dry Bulk Carrier, Jag Aarati, with a deadweight tonnage of approximately 80,324...
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Why is The Great Eastern Shipping Company Limited in the news today?
The Great Eastern Shipping Company Limited (GESHIP) is in the news due to the announcement details the sale of a vessel and the planned sale of another, alongside the acquisition of a new vessel. while these are significant transactions, they represent a fleet adjustment rather than a clear positive or negative financial event without further context on pricing and impact.
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G E Shipping Contracts to Sell Kamsarmax Dry Bulk Carrier 'Jag Aarati'
December 18, 2025, 05:23 AM
The Great Eastern Shipping Company Limited (G E Shipping) has entered into an agreement to sell its 2011-built Kamsarmax Dry Bulk Carrier, Jag Aarati, with a deadweight tonnage of approximately 80,324 dwt. The sale, which occurred on December 18, 2025, is to an unaffiliated third party and the vessel is scheduled for delivery in Q4 FY26.
Following the sale of Jag Aarati, G E Shipping's operational fleet will consist of 40 vessels. This fleet comprises 26 tankers, including 6 crude tankers, 16 product tankers, and 4 LPG carriers, along with 14 dry bulk carriers, which include 2 Capesize, 10 Kamsarmax, and 2 Supramax vessels, aggregating a total of 3.32 million dwt.
The company also announced it has contracted to sell one Suezmax crude tanker, with the transaction anticipated to conclude in Q3 FY26. Furthermore, G E Shipping has agreed to acquire one secondhand Ultramax dry bulk carrier, with this transaction expected to be finalized in Q4 FY26.
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