The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated May 13, 2026, titled "GE Shipping delivers its 2007 built Medium Range Tanker Jag Prakash ".
GESHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GE Shipping has completed the delivery of its 2007 built Medium Range Tanker 'Jag Prakash' to the buyers. The vessel was contracted for sale in Q1 FY27. Following this delivery, the company's owned fleet now stands at 40 vessels (25 Tankers and 15 Dry Bulk Carriers) totalling 3.24 million dwt. The company also has one secondhand MR Tanker purchase and another tanker sale (Jag Pankhi) contracted, both expected to complete in Q1 FY27. This appears to be routine asset rotation as the company upgrades its fleet by selling older vessels.
This is a routine fleet management activity with no material financial impact disclosed. The sale of a 19-year-old vessel is normal asset turnover for a shipping company and does not signal any operational concern.