Great Eastern Shipping Contracts Sale of Gas Carrier Jag Vishnu
Filing Summary
The Great Eastern Shipping Company Ltd has entered into a contract to sell its 2002 built Very Large Gas Carrier, Jag Vishnu, with a capacity of approximately 77,922 cbm. The transaction was finalized on December 26, 2025, with delivery to the buyer scheduled for Q4 FY26. The buyer is an unaffiliated third party. The company’s current fleet includes 39 vessels, and additional transactions involving the purchase and sale of other vessels are also planned for completion in Q4 FY26.
The Great Eastern Shipping Company Ltd has contracted to sell its 2002 built Very Large Gas Carrier, Jag Vishnu, with a capacity of approximately 77,922 cbm. The sale agreement was finalized on December 26, 2025. The vessel will be delivered to an unaffiliated third party in Q4 FY26.
Including the Jag Vishnu, the company’s current owned fleet consists of 39 vessels. This fleet comprises 25 tankers, which include 5 crude tankers, 16 product tankers, and 4 LPG carriers, as well as 14 dry bulk carriers, including 2 capesize, 10 kamsarmax, and 2 supramax vessels, aggregating 3.17 million dwt.
In addition to the sale of Jag Vishnu, the company has also contracted to purchase one secondhand Very Large Gas Carrier and one secondhand Ultramax Dry Bulk Carrier. Furthermore, the company plans to sell one kamsarmax dry bulk carrier, Jag Aarati. These transactions are expected to be completed in Q4 FY26.
The Great Eastern Shipping Company Ltd is focused on expanding and optimizing its fleet through strategic acquisitions and sales. The company operates a diversified fleet of tankers and dry bulk carriers, aiming to maintain a balanced portfolio to meet market demands.