The Great Eastern Shipping Company Limited has taken a strategic step towards optimising its fleet by entering into an agreement to sell one of its vessels.
The move reflects the company’s ongoing efforts to streamline operations and maintain a balanced and efficient shipping portfolio.
The company has contracted to divest its 2003-built medium-range tanker ‘Jag Pankhi’, which has a carrying capacity of approximately 46,273 deadweight tonnes (dwt). The vessel is being sold to an unrelated third party, ensuring an arm’s-length transaction.
The delivery of the tanker to the buyer is scheduled for the first quarter of FY27, indicating that the transaction will be completed in the near term.
Following the sale, the company will continue to maintain a diversified fleet. Currently, its owned fleet consists of 40 vessels, including tankers and dry bulk carriers, with a total capacity of around 3.20 million dwt.
The fleet mix includes crude tankers, product tankers, LPG carriers, and various categories of dry bulk vessels, reflecting the company’s presence across multiple segments of the shipping industry.
In addition to this divestment, the company is also undertaking other fleet-related transactions. It has contracted to acquire a second-hand Kamsarmax dry bulk carrier and a medium-range tanker, while also planning the sale of another vessel, ‘Jag Prakash’.
These moves highlight a broader strategy focused on maintaining an optimal fleet profile, improving operational efficiency, and aligning with evolving market conditions.
Read More: Great Eastern Shipping Share Price Gains Over 3%; To Sell its Medium Range Tanker Jag Prakash!
As of 08 April,2026, at 9:23 AM, Great Eastern Shipping share price is trading at ₹1,440.70 per share, reflecting a surge of 1.14% from the previous closing price.
The sale of ‘Jag Pankhi’ is part of Great Eastern Shipping’s ongoing fleet management strategy, aimed at enhancing operational flexibility and maintaining a balanced asset portfolio in a dynamic shipping market.
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Published on: Apr 8, 2026, 10:57 AM IST
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