GE Shipping contracts to sell its 2003 built Medium Range Tanker 'Jag Pankhi'

On 7th April 2026, The Great Eastern Shipping Company Limited (GE Shipping) has contracted to sell its 2003 built Medium Range Tanker Jag Pankhi of about 46,273 dwt, to an unaffiliated third party. The vessel will be delivered to the buyer in Q1 FY27.

Including Jag Pankhi, the company's current owned fleet stands at 40 vessels, comprising 26 Tankers (5 Crude Tankers, 17 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.20 mn dwt.

Additionally, the company has contracted to buy one secondhand Kamsarmax Dry Bulk Carrier and one secondhand Medium Range Tanker and contracted to sell its Medium Range Tanker "Jag Prakash". These transactions are expected to be completed in Q1 FY27.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1424.70 as compared to the previous close of Rs. 1462.55. The total number of shares traded during the day was 17769 in over 1007 trades.

The stock hit an intraday high of Rs. 1462.55 and intraday low of 1410.10. The net turnover during the day was Rs. 25370820.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping MediumRangeTanker JagPankhi