The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated December 26, 2025, titled "We wish to inform you that the Company has contracted to sell its 2002 built Very Large Gas Carrier, Jag Vishnu of about 77,922 cbm on December 26, 2025 to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26.".
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Great Eastern Shipping has agreed to sell its 2002-built Very Large Gas Carrier named Jag Vishnu, with a capacity of about 77,922 cubic metres, to an unrelated third party. The sale contract was signed on December 26, 2025, and the vessel will be handed over to the new buyer in the fourth quarter of FY26 (January–March 2026). This is part of the company's ongoing fleet management strategy, disposing of an older vessel. The sale price and any gain/loss on the transaction were not disclosed in this announcement.
The sale should bring in cash for the company and is likely to free up capital that can be used for newer, more efficient vessels or to reduce debt. Older tonnage like a 2002-built ship typically sells at a discount, so the financial gain may be modest, but the move signals active fleet renewal which is generally viewed positively by investors.