Great Eastern Shipping Company Ltd has announced the sale of its Kamsarmax dry bulk carrier Jag Aarati. The vessel, built in 2009, is expected to be delivered to buyers in Q4 FY2026. The move reflects the company’s ongoing fleet optimization strategy, balancing asset monetization with long-term operational efficiency.
India’s largest private shipping company, Great Eastern Shipping (GE Shipping), has confirmed plans to sell its Kamsarmax dry bulk carrier Jag Aarati. Built in 2009, the vessel has served global dry bulk trade routes for over 16 years. The sale is part of GE Shipping’s broader strategy to streamline its fleet and enhance capital efficiency.
The company has consistently pursued a policy of selling older tonnage while investing in modern vessels to maintain competitiveness in global shipping markets. Industry analysts note that the sale comes at a time when dry bulk freight rates remain volatile, and asset monetization provides liquidity for reinvestment.
Key Highlights
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Vessel details: Jag Aarati, a 2009-built Kamsarmax dry bulk carrier.
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Transaction timeline: Delivery to buyers expected in Q4 FY2026.
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Strategic rationale: Fleet optimization and capital efficiency.
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Market context: Dry bulk freight rates remain volatile; asset sales provide liquidity.
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Company outlook: GE Shipping continues to balance asset monetization with reinvestment in modern tonnage.
The sale underscores GE Shipping’s disciplined approach to fleet management, ensuring resilience in a cyclical industry.
Sources: Business Standard, The Hindu BusinessLine, Moneycontrol