G E Shipping contracts to sell its 2005 built Suezmax Crude Tanker 'Jag Lok'

The Great Eastern Shipping Company Limited (G E 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 will be delivered to the new buyer by Q3 FY26.

Including Jag Lok, the company's current fleet stands at 38 vessels, comprising 26 tankers (5 crude tankers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, 2 Supramax) aggregating 3.04 Mn dwt. Additionally, the company has contracted to buy 2 secondhand Kamsarmax dry bulk carriers and 1 Suezmax crude tanker in Q2 FY26. All these ships are expected to join the fleet by Q3 FY26.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1058.00 as compared to the previous close of Rs. 995.65. The total number of shares traded during the day was 132244 in over 5485 trades.

The stock hit an intraday high of Rs. 1069.00 and intraday low of 997.95. The net turnover during the day was Rs. 138704822.00.

Source : Equity Bulls

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