Great Eastern Shipping sells Suezmax tanker, repositions fleet

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2005-built Suezmax crude tanker, "Jag Lok," with a deadweight of approximately 158,280 dwt. The sale was made to an unaffiliated third party on September 15, 2025, with delivery to the new buyer expected by Q3 FY26.

Following this sale, Great Eastern Shipping's current fleet stands at 38 vessels, comprising 26 tankers (including 5 crude tankers, 17 product tankers, and 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, and 2 Supramax), aggregating 3.04 Mn dwt.

Additionally, the company has contracted to acquire two secondhand Kamsarmax dry bulk carriers and one Suezmax crude tanker in Q2 FY26. These new acquisitions are also anticipated to join the fleet by Q3 FY26, suggesting a strategic realignment of its shipping assets.