The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated April 07, 2026, titled "GE Shipping contracts to sell its 2003 built Medium Range Tanker Jag Pankhi ".
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GE Shipping has contracted to sell its 2003 built Medium Range Tanker 'Jag Pankhi' (46,273 dwt) to an unaffiliated third party. The vessel will be delivered to the buyer in Q1 FY27. The sale is part of routine fleet management as the company also disclosed contracted purchases of one secondhand Kamsarmax Dry Bulk Carrier and one secondhand Medium Range Tanker, plus the sale of another tanker 'Jag Prakash'. After this sale, the company's owned fleet will stand at 40 vessels (26 Tankers and 14 Dry Bulk Carriers) totalling 3.20 million dwt.
This is routine fleet renewal activity typical for shipping companies and does not signal any major strategic change. The sale of one older vessel while simultaneously contracting to buy others indicates normal asset recycling rather than business exit.