The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated May 14, 2026, titled "Further to our letter dated April 07, 2026, we wish to inform you that the Company has delivered its 2003 built Medium Range Tanker Jag Pankhi to the buyers. The vessel was contracted for sale in Q1 FY27.".
GESHIP · price
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GE Shipping has completed the delivery of its 2003 built Medium Range Tanker 'Jag Pankhi' to the buyers, as previously contracted in Q1 FY27. Following this sale, the company's owned fleet stands at 39 vessels totalling 3.19 million deadweight tonnes, comprising 24 tankers and 15 dry bulk carriers. The sale of this older vessel is part of the company's fleet management strategy. Separately, GE Shipping has also contracted to purchase one secondhand Medium Range Tanker, expected to be completed in Q1 FY27.
The fleet count reduced from 40 to 39 vessels, but a replacement vessel purchase is underway. This appears to be routine fleet renewal — selling an older 2003-built asset while acquiring another secondhand MR Tanker to maintain fleet capacity.