Great eastern shipping company has completed the delivery of its 2011-built Kamsarmax dry bulk carrier "Jag Aarati" to buyers on January 23, 2026. The vessel sale was contracted during Q3 FY26, marking another strategic fleet optimization move by the Mumbai-based shipping company.

Current Fleet Composition

Following the delivery of Jag Aarati, GE Shipping's owned fleet has been reduced to 39 vessels with an aggregate capacity of 3.14 million deadweight tonnage (dwt). The current fleet composition is strategically diversified across two main segments:

Upcoming Fleet Transactions

The company has contracted several additional vessel transactions scheduled for completion in Q4 FY26. These strategic moves demonstrate GE Shipping's continued focus on fleet modernization and optimization:

Strategic Fleet Management

The delivery of Jag Aarati represents part of GE Shipping's ongoing asset management strategy. The 2011-built Kamsarmax vessel's sale aligns with the company's approach to optimizing its dry bulk carrier segment, which currently maintains a strong presence with vessels across different size categories.

The planned transactions for Q4 FY26 indicate a balanced approach to fleet renewal, with the company simultaneously acquiring modern tonnage while divesting selected vessels. The addition of an Ultramax dry bulk carrier and a medium range tanker will enhance the company's operational capabilities in both key business segments.

Company Communication

GE Shipping announced the vessel delivery through a regulatory filing under Regulation 30, ensuring transparency with stakeholders. The company maintains its commitment to keeping investors informed about significant fleet developments and strategic transactions that impact its operational capacity and market positioning.

Great Eastern Shipping Company has successfully taken delivery of the Very Large Gas Carrier "Jag Vijay" on January 16, 2026, marking another significant addition to its expanding fleet. The 2015-built South Korean vessel, with a capacity of approximately 84,048 cbm, was contracted for purchase during Q3 FY26 and represents a strategic investment in the company's gas carrier segment.

Vessel Acquisition Details

The acquisition of Jag Vijay demonstrates the company's financial strength and strategic planning capabilities. Key details of this vessel addition include:

The financing of this vessel entirely through internal accruals highlights the company's robust cash generation capabilities and prudent financial management approach.

Current Fleet Composition

With the addition of Jag Vijay, Great Eastern Shipping's owned fleet has expanded to 40 vessels. The current fleet composition showcases a well-diversified portfolio across different vessel categories:

The company is currently operating at close to 100% capacity utilization, indicating strong demand for its shipping services and efficient fleet management.

Upcoming Fleet Transactions

Great Eastern Shipping has outlined several additional fleet transactions scheduled for completion in Q4 FY26, demonstrating continued fleet optimization activities:

Planned Acquisitions:

• One secondhand Ultramax Dry Bulk Carrier
• One secondhand Medium Range Tanker

Planned Disposals:

• Kamsarmax Dry Bulk Carrier "Jag Aarati"
• Very Large Gas Carrier "Jag Vishnu"

These strategic transactions reflect the company's ongoing efforts to modernize and optimize its fleet composition while maintaining operational efficiency. The delivery of Jag Vijay, combined with the planned fleet transactions, positions Great Eastern Shipping for continued growth in the global shipping market.