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Home/Business/Great Eastern Shipping Sells Tanker Jag …

Great Eastern Shipping Sells Tanker Jag Pankhi

Business
By ThePip Desk•
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A large oil tanker named "Jag Pankhi" is seen from the stern, docked in a bustling port with multiple tugboats.

A large tanker, the Jag Pankhi, docked in a port with tugboats nearby under an overcast sky.

Key Highlights

Great Eastern Shipping Co. divests Jag Pankhi, a 2003-built medium-range tanker, as part of its divestment strategy. Another tanker, Jag Prakash, is also set for sale.

Great Eastern Shipping Company Limited is selling its medium-range tanker Jag Pankhi. The 2003-built vessel is the latest in the company’s divestment strategy.

In addition to this sale, the company has also agreed to sell its medium-range tanker Jag Prakash.

On the acquisition front, GE Shipping is set to expand its fleet with the purchase of a second-hand Kamsarmax dry bulk carrier and another second-hand medium-range tanker. The company anticipates these transactions to conclude in the first quarter of FY27.

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