G E Shipping to Sell Kamsarmax Dry Bulk Carrier Jag Aarati

The Great Eastern Shipping Company Limited (G E Shipping) has announced that it has contracted to sell its 2011-built Kamsarmax dry bulk carrier, Jag Aarati, to an unaffiliated third party. The vessel, with a carrying capacity of about 80,324 deadweight tonnes (dwt), was contracted for sale on December 18, 2025. As per the agreement, the delivery of the ship to the new buyer is expected to take place in the fourth quarter of FY26.

Impact on Fleet Composition

Following the sale of Jag Aarati, G E Shipping continues to maintain a diversified and balanced fleet across tanker and dry bulk segments. Including this vessel, the company’s currently owned fleet comprises 40 ships, with a total capacity of approximately 3.32 million dwt. The fleet includes 26 tankers and 14 dry bulk carriers, allowing the company to cater to a wide range of cargo and trade requirements.

Details of the Existing Fleet

The tanker fleet consists of 6 crude oil tankers, 16 product tankers and 4 LPG carriers. On the dry bulk side, the company operates 14 vessels, including 2 Capesize, 10 Kamsarmax and 2 Supramax carriers. This diversified mix helps G E Shipping manage market volatility while serving different segments of global maritime trade.

Other Fleet Transactions

In addition to the sale of Jag Aarati, G E Shipping has also contracted to sell one Suezmax crude tanker, with the transaction expected to be completed in the third quarter of FY26. At the same time, the company is strengthening its dry bulk presence by contracting to buy one secondhand Ultramax dry bulk carrier, which is expected to be delivered in Q4 FY26.

G E Shipping Share Price Performance

On December 18, 2025, G E Shipping share price opened at ₹1110.00, touching the day’s low at ₹1107.60, as of 2:20 PM on the NSE.

Also Read: Indian Railway's Freight Crosses 1 Billion Tonne Mark!

Conclusion

The sale of Jag Aarati reflects G E Shipping’s ongoing fleet optimisation strategy. By selectively selling and acquiring vessels, the company aims to maintain a modern, efficient and well-balanced fleet aligned with market opportunities and long-term growth objectives.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.