Great Eastern Shipping Contracts Sale of Tanker Jag Prakash
The Great Eastern Shipping Company Limited announced on April 6, 2026, that it has contracted to sell its Medium Range Tanker, Jag Prakash, to an unaffiliated third party. The vessel, which is built in 2007, has a capacity of approximately 47,848 dwt and is slated for delivery to the new buyer in Q1 FY27.The company’s current owned fleet, including the vessel being sold, totals 40 vessels. This existing fleet is composed of 26 Tankers, categorized as 5 Crude Tankers, 17 Product Tankers, and 4 LPG Carriers, alongside 14 Dry Bulk Carriers. The Dry Bulk Carrier segment includes 2 Capesize vessels, 9 Kamsarmax vessels, 1 Ultramax vessel, and 2 Supramax vessels, aggregating 3.20 mn dwt.
Beyond the sale, Great Eastern Shipping also announced plans to expand its fleet through acquisitions. The company has contracted to purchase one secondhand Kamsarmax Dry Bulk Carrier and one secondhand Medium Range Tanker. These acquisition transactions are expected to be finalized in Q1 FY27.
For a clearer overview of the current fleet structure, the details are summarized below:
| Vessel Type | Count | Details |
|---|---|---|
| Crude Tankers | 5 | |
| Product Tankers | 17 | |
| LPG Carriers | 4 | |
| Capesize Dry Bulk Carriers | 2 | |
| Kamsarmax Dry Bulk Carriers | 9 | |
| Ultramax Dry Bulk Carriers | 1 | |
| Supramax Dry Bulk Carriers | 2 |
The sale of the Jag Prakash and the planned acquisitions are all anticipated to be completed during the first quarter of fiscal year 2027.
GESHIP Stock Price Movement
In today's trade, The Great Eastern Shipping Company Limited shares are currently trading at ₹1490.9, showing a gain of 3.56%. The stock is trading between ₹1438.1 and ₹1502.2, amidst high activity with a total traded volume of 410,600 shares.Source:
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