Great Eastern Shipping Sells Tanker Jag Pankhi

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.