Great Eastern Shipping Company has signed an agreement to sell its very large gas carrier 'Jag Vishnu' as part of its ongoing fleet management strategy. The agreement was executed on December 26, 2025, with the vessel contracted for sale to an unaffiliated third party.

Vessel Sale Specifications

The 'Jag Vishnu', built in 2002, represents a significant asset in the company's gas transportation segment with substantial cargo capacity. The vessel has been operating for over two decades as part of the company's fleet operations.

Fleet Composition After Transaction

Following the completion of this sale, Great Eastern Shipping's owned fleet will stand at 39 vessels. The company's diversified fleet composition spans multiple vessel categories across different shipping segments.

Additional Fleet Transactions Planned

The company has lined up multiple fleet transactions during the same period as part of its comprehensive fleet optimization strategy. These additional transactions demonstrate the company's active approach to fleet management and capital deployment.

Great Eastern Shipping has contracted to purchase one second-hand very large gas carrier and one second-hand Ultramax dry bulk carrier. Simultaneously, the company has agreed to sell another vessel, the Kamsarmax dry bulk carrier 'Jag Aarati'. All these transactions are expected to be completed in Q4 FY26.

Strategic Fleet Optimization

The sale of 'Jag Vishnu' aligns with the company's efforts to optimize fleet composition and capital deployment across vessel segments. By disposing of older vessels while acquiring strategic assets, the company maintains its operational capacity while modernizing its fleet profile. The 23-year-old vessel's disposal represents typical industry practices of periodic fleet renewal and efficient asset management.

Great Eastern Shipping Company Limited has completed the delivery of its 2005-built Suezmax crude tanker Jag Lok to buyers on December 23, 2025. The vessel was originally contracted for sale in September 2025, marking the completion of a significant fleet management transaction.

Transaction Details

The delivery of Jag Lok represents the culmination of the sale agreement announced earlier. Following this transaction, the company's fleet composition has been updated to reflect the current operational capacity.

Updated Fleet Composition

After the delivery of Jag Lok, GE Shipping's current owned fleet stands at 39 vessels with an aggregate capacity of 3.17 million deadweight tonnage (dwt).

Tanker Fleet Details

The company's tanker segment comprises:

Dry Bulk Carrier Fleet

The dry bulk carrier fleet includes:

Future Fleet Transactions

GE Shipping has contracted additional fleet management transactions expected to complete in Q4 FY26:

Strategic Fleet Management

The completion of Jag Lok's delivery demonstrates GE Shipping's active approach to fleet optimization. The company continues to balance its portfolio through strategic acquisitions and divestments, maintaining a diversified fleet across tanker and dry bulk segments. With the planned transactions in Q4 FY26, the company is positioning itself for continued operational flexibility in the maritime market.