GE Shipping Sells 2002-Built Gas Carrier 'Jag Vishnu'
The Great Eastern Shipping Company Limited (G E Shipping) has entered into an agreement to sell its 2002-built Very Large Gas Carrier, 'Jag Vishnu', with a capacity of approximately 77,922 cbm. The sa...
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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 an older vessel and the purchase of newer ones as part of fleet management. while the sale itself is a routine transaction, the overall impact on the fleet size and composition is neutral.
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GE Shipping Sells 2002-Built Gas Carrier 'Jag Vishnu'
December 26, 2025, 11:09 AM
Top Queries to Ask About The Great Eastern Shipping Company Limited
The Great Eastern Shipping Company Limited (G E Shipping) has entered into an agreement to sell its 2002-built Very Large Gas Carrier, 'Jag Vishnu', with a capacity of approximately 77,922 cbm. The sale, agreed upon on December 26, 2025, is to an unaffiliated third party, and the vessel's delivery to the new buyer is scheduled for Q4 FY26.
Following this sale, G E Shipping's owned fleet will comprise 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.
In addition to this sale, the company has also contracted to purchase one secondhand Very Large Gas Carrier and one secondhand Ultramax Dry Bulk Carrier. Concurrently, it has agreed to sell one Kamsarmax Dry Bulk Carrier named 'Jag Aarati'. These additional purchase and sale transactions are anticipated to be completed within Q4 FY26.
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