Great Eastern Shipping Contracts to Sell 2005-Built Medium Range Product Tanker Jag Pooja in Fleet Renewal Move

The Great Eastern Shipping Company Limited (G E Shipping), India’s leading shipping firm, announced on October 17, 2025, that it has contracted to sell its 2005-built Medium Range (MR) product tanker, Jag Pooja, which has a deadweight tonnage (dwt) of approximately 48,539. The vessel is to be delivered to an unaffiliated third party buyer by the third quarter of fiscal year 2026.

 

This sale is a strategic step in the company’s broader fleet renewal and modernization plan. By divesting this older tanker, Great Eastern Shipping aims to optimize operational efficiency and maintain a contemporary fleet capable of meeting evolving market demands and regulatory requirements.

 

Currently, the company owns a fleet of 40 vessels, including 26 tankers (comprising 5 crude oil tankers, 17 product tankers, and 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 10 Kamsarmax, and 2 Supramax), aggregating around 3.21 million deadweight tonnage (dwt). The ongoing fleet restructuring also includes contracts to buy and sell secondhand vessels such as a Suezmax crude tanker, with several transactions expected to conclude by Q3 FY26.

 

Great Eastern Shipping continues to focus on maintaining market leadership by balancing fleet expansion with prudent asset management. The sale of Jag Pooja follows previous asset sales of older ships like the Jag Rishi supramax bulker earlier this year as part of the company’s modernization goals.

 

Key Highlights:

Strategic focus on operational efficiency and fleet competitiveness amid evolving market conditions.

 

Sources: NSE India Corporate Filing​, Sagar Sandesh Shipping News​, Vessel Tracke