Great Eastern Shipping has contracted to sell its 2005-built Suezmax crude tanker, Jag Lok, of about 158,280 dwt on September 15, 2025, to an unaffiliated third party. The vessel’s delivery to the new buyer is expected by Q3 FY26. Following this sale, the company’s fleet consists of 38 vessels.
Vessel Divestiture
Great Eastern Shipping has announced the sale of its Suezmax crude tanker, Jag Lok, built in 2005. The transaction, finalized on September 15, 2025, involves an unaffiliated third party. The tanker has a capacity of approximately 158,280 dwt. The delivery of the vessel is anticipated in Q3 FY26.
Fleet Composition
Following the sale of Jag Lok, Great Eastern Shipping’s fleet consists of 38 vessels. This includes 26 tankers (5 crude tankers, 17 product tankers, and 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, and 2 Supramax). The aggregate capacity of the fleet is 3.04 Mn dwt.
Fleet Expansion Plans
In addition to the existing fleet, the company has contracted to purchase 2 secondhand Kamsarmax dry bulk carriers and 1 Suezmax crude tanker in Q2 FY26. These vessels are expected to join the fleet by Q3 FY26.
Source: BSE
