Great Eastern Shipping Sells Tanker Jag Pankhi
Key Highlights
Great Eastern Shipping Co. sells Jag Pankhi as part of fleet renewal. New acquisitions planned to modernize and diversify assets. Learn more!
Great Eastern Shipping Company Limited (GE Shipping) is divesting its 2003-built medium-range tanker, Jag Pankhi, according to recent reports. The sale aligns with the company’s strategy to optimize its fleet.
In addition to the Jag Pankhi, GE Shipping has also agreed to sell another medium-range tanker, Jag Prakash. These sales occur as the company plans to expand its fleet through acquisitions.
GE Shipping is set to acquire a second-hand Kamsarmax dry bulk carrier and another second-hand medium-range tanker. These transactions are projected to be completed in the first quarter of FY27, indicating a strategic move to diversify and modernize its assets.