Great Eastern Shipping Company Merger & Restructuring
GE Shipping will sell its 105,900 dwt tanker ‘Jag Lokesh’ to a party, delivering in Q2 FY27. It also aims to buy an LR2 product tanker then.
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GE Shipping will sell its 105,900 dwt tanker ‘Jag Lokesh’ to a party, delivering in Q2 FY27. It also aims to buy an LR2 product tanker then.
The Great Eastern Shipping Company Limited has contracted to sell its 2003-built Medium Range Tanker 'Jag Pankhi' (46,273 dwt) to an unaffiliated third party. The vessel delivery is expected in Q1 FY27. This sale is part of the company's routine fleet management and asset disposal strategy.
Great Eastern Shipping Company Ltd (GE Shipping) has contracted to sell its 2003 built Medium Range Tanker 'Jag Pankhi'. The vessel, with a capacity of 46,273 dwt, is scheduled for delivery to an unaffiliated buyer in Q1 FY27. Following this sale and other pending transactions, the company's fleet will comprise 40 vessels.
The Great Eastern Shipping Company Limited has contracted to sell its 2007-built Medium Range Tanker, 'Jag Prakash' (47,848 dwt), to an unaffiliated third party. The vessel, which contributed 0.0232% to previous year's turnover, is scheduled for delivery in Q1 FY27. This transaction aligns with the company's fleet management strategy.
Great Eastern Shipping Company Ltd has contracted to sell its 2007-built MR Tanker 'Jag Prakash' (47,848 dwt) to an unaffiliated third party. Delivery is expected in Q1 FY27. Post-sale, the fleet will comprise 40 vessels, while the company also has two secondhand vessels contracted for acquisition.