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GE Shipping Sells Tanker Amid Fleet Updates
7 Apr
Summary
- GE Shipping is selling its 2003-built medium-range tanker Jag Pankhi.
- The vessel has a carrying capacity of 46,273 DWT.
- The company's fleet currently stands at 40 vessels.
The Great Eastern Shipping Company Limited is proceeding with the sale of its 2003-built medium-range tanker, Jag Pankhi. The vessel, which has a deadweight tonnage (DWT) of 46,273, is slated for delivery to its new owner within the first quarter of the current financial year.
This sale is a component of GE Shipping's dynamic fleet management. Following this transaction, the company's operational fleet will consist of 40 vessels. This diverse fleet includes 26 tankers and 14 dry bulk carriers, totaling 3.20 million DWT.
Further fleet adjustments are anticipated, as GE Shipping has also agreed to sell its medium-range tanker 'Jag Prakash' and is contracting to buy a second-hand Kamsarmax dry bulk carrier and another medium-range tanker. These additional transactions are projected to conclude by the first quarter of FY27.
