The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated December 23, 2025, titled "Further to our letter dated September 15, 2025, we wish to inform you that the Company has delivered its 2005 built Suezmax Crude Tanker Jag Lok to the buyers. The vessel was contracted for sale in September 2025.".
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Great Eastern Shipping has delivered its 2005-built Suezmax Crude Tanker 'Jag Lok' to its buyers, completing a sale that was originally contracted in September 2025. This is a follow-up to the company's earlier communication dated September 15, 2025, regarding the sale agreement. The vessel was around 20 years old at the time of delivery. Delivery of the vessel means the transaction has now been fully executed and payment realized.
This is the completion of a previously announced vessel sale, so the market impact is largely already priced in. Shareholders may see a modest positive effect from cash realization and removal of an older asset from the fleet, while the company loses one revenue-generating vessel.