Great Eastern Shipping Share Price Gains Over 3%; To Sell its Medium Range Tanker Jag Prakash

The Great Eastern Shipping Company Limited has announced the sale of its 2007-built Medium Range Tanker, Jag Prakash, to an unaffiliated third party. This transaction is scheduled for completion in the first quarter of FY27. 

Details of the Jag Prakash Sale 

On April 6, 2026, Great Eastern Shipping entered into a contract to sell the Medium Range Tanker Jag Prakash, which has a deadweight tonnage of approximately 47,848.  

The vessel is set to be delivered to its new owner in Q1 FY27. This sale is part of the company's ongoing fleet management strategy. 

Currently, Great Eastern Shipping's fleet consists of 40 vessels, including 26 tankers and 14 dry bulk carriers, with a total deadweight tonnage of 3.20 million.  

The tankers are divided into 5 crude tankers, 17 product tankers, and 4 LPG carriers, while the dry bulk carriers include 2 Capesize, 9 Kamsarmax, 1 Ultramax, and 2 Supramax vessels. 

Fleet Expansion Plans 

In addition to the sale of Jag Prakash, Great Eastern Shipping has plans to expand its fleet. The company has contracted to purchase one secondhand Kamsarmax Dry Bulk Carrier and one secondhand Medium Range Tanker.  

These acquisitions are expected to be finalised in Q1 FY27, aligning with the company's strategic growth objectives. 

Read More: GRSE Share Price Rises 19%; Records Highest-Ever Turnover of ₹6,400 Crore in FY26; Declares 129% Interim Dividend! 

Great Eastern Shipping Share Price Performance 

As of April 06, 2026, at 11:08 AM, Great Eastern Shipping share price on NSE was trading at ₹1,483.90 up by 3.08% from the previous closing price. 

Conclusion 

The sale of the Medium Range Tanker Jag Prakash marks a significant move in Great Eastern Shipping's fleet management strategy. With the planned acquisitions, the company continues to optimise its fleet composition, ensuring a balanced mix of tankers and dry bulk carriers. 

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