Great Eastern Shipping Company contract to sell 2002 build very large gas carrier – Jag Vishnu

MUMBAI : Great Eastern Shipping Company (G E Shipping) has contracted to sell its 2002 built Very Large Gas Carrier, Jag Vishnu of about 77,922 cbm on 26 December 2025 to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26.

Including Jag Vishnu, the company’s current owned fleet stands at 39 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 2 Supramax) aggregating 3.17 Mn dwt.

Additionally, the company has contracted to buy one secondhand Very Large Gas Carrier, one secondhand Ultramax Dry Bulk Carrier and sell one Kamsarmax Dry Bulk Carrier Jag Aarati. These purchase and sale transactions are expected to be completed in Q4 FY26.

Following the transaction, GE Shipping’s owned fleet will stand at 39 vessels. This includes 25 tankers, comprising crude tankers, product tankers and LPG carriers, and 14 dry bulk carriers across Capesize, Kamsarmax and Supramax segments. The total fleet capacity aggregates about 3.17 million deadweight tonnes.

The company also said it has lined up additional fleet transactions during the same period. It has contracted to purchase one second-hand very large gas carrier and one second-hand Ultramax dry bulk carrier, while also agreeing to sell a Kamsarmax dry bulk carrier, Jag Aarati. These transactions are expected to be completed in the fourth quarter of FY26.

GE Shipping said the sale of Jag Vishnu aligns with its efforts to optimise fleet composition and capital deployment across vessel segments.