G E Shipping Sells 2005 Built Suezmax Crude Tanker Jag Lok
The Great Eastern Shipping Company Limited (G E Shipping) announced the delivery of its 2005 built Suezmax Crude Tanker “Jag Lok” to the buyers. The sale of this vessel was contracted in September 202...
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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 ongoing fleet adjustments, which are routine operational activities for a shipping company. there are no significant positive or negative financial implications highlighted.
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G E Shipping Sells 2005 Built Suezmax Crude Tanker Jag Lok
December 23, 2025, 06:54 AM
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The Great Eastern Shipping Company Limited (G E Shipping) announced the delivery of its 2005 built Suezmax Crude Tanker “Jag Lok” to the buyers. The sale of this vessel was contracted in September 2025.
Following this transaction, G E Shipping's owned fleet now comprises 39 vessels. This includes 25 tankers (5 Crude Tankers, 16 Product Tankers, and 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, and 2 Supramax), with an aggregate deadweight tonnage (dwt) of 3.17 million.
Additionally, the company has entered into agreements to purchase one secondhand Very Large Gas Carrier and one secondhand Ultramax Dry Bulk Carrier. Concurrently, it has contracted to sell one Kamsarmax Dry Bulk Carrier, “Jag Aarati”. These purchase and sale transactions are anticipated to be completed in the fourth quarter of the financial year 2026 (Q4 FY26).
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