GE Shipping Sells Jag Lokesh Tanker in Q2 FY27

Vessel Sale Transaction

The Great Eastern Shipping Company Limited has contracted to sell its 2009 built Long Range 2 Tanker "Jag Lokesh" with a carrying capacity of approximately 105,900 dwt to an unaffiliated third party. The vessel will be delivered to the new buyer in Q2 FY27 [July-September 2026].

Current Fleet Composition

Including Jag Lokesh, the company's current owned fleet stands at 40 vessels totaling 3.24 million dwt. The fleet breakdown includes:

• 25 Tankers: 5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers
• 15 Dry Bulk Carriers: 2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax

The company reports current capacity utilization is close to 100%.

Additional Acquisition

Additionally, the company has contracted to buy one secondhand Long Range 2 Product Tanker built in 2015. This purchase transaction is expected to be completed in Q2 FY27 [July-September 2026].