Great Eastern Shipping Contracts Sale of MR Tanker Jag Prakash
Filing Summary
On April 6, 2026, The Great Eastern Shipping Company Ltd announced the sale of its 2007 built Medium Range Tanker, Jag Prakash, with a capacity of approximately 47,848 dwt. The sale is to an unaffiliated third party, with delivery scheduled for Q1 FY27. The company’s current fleet includes 40 vessels, and it has also contracted to acquire a secondhand Kamsarmax Dry Bulk Carrier and a Medium Range Tanker, with completion expected in Q1 FY27.
On April 6, 2026, The Great Eastern Shipping Company Ltd announced that it has contracted to sell its 2007 built Medium Range Tanker, Jag Prakash, with a capacity of approximately 47,848 dwt. The sale is to an unaffiliated third party, and the vessel is scheduled for delivery in Q1 FY27.
Including the Jag Prakash, the company’s current owned fleet consists of 40 vessels. This includes 26 tankers, comprising 5 crude tankers, 17 product tankers, and 4 LPG carriers, along with 14 dry bulk carriers, which include 2 capesize, 9 kamsarmax, 1 ultramax, and 2 supramax vessels, aggregating to 3.20 million dwt.
In addition to the sale, the company has contracted to purchase one secondhand Kamsarmax Dry Bulk Carrier and one secondhand Medium Range Tanker. These transactions are expected to be completed in Q1 FY27.
The Great Eastern Shipping Company Ltd is a major player in the shipping industry, focusing on the transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company continues to optimize its fleet composition through strategic acquisitions and sales to enhance operational efficiency.