G E Shipping contracts to sell its 2005 built Medium Range Product Tanker Jag Pranav

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2005 built Medium Range Product Tanker, Jag Pranav of about 51,383 dwt on July 23, 2024, to an unaffiliated third party.

The vessel will be delivered to the new buyer by Q2/Q3 FY25. Including Jag Pranav, the Company’s current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 Mn dwt.

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Additionally, we had contracted to sell one MR product tanker in May 2024 and buy one MR product tanker in June 2024, which are due for deliveries in Q2FY25, as per the press release made by the company.

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