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Great Eastern Shipping Company divests product tanker “Jag Pranam”

The Great Eastern Shipping Company has divested its 2004-built Medium Range Product Tanker “Jag Pranam.” The deal brings down its total fleet to 42 vessels.
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G E Shipping’s current fleet totals 3.36 million deadweight tonnage, which includes 28 tankers and 14 dry bulk carriers. The company had previously disclosed plans to sell one MR product tanker in July 2024 and purchase another in June 2024, with deliveries expected later this year.

The sale of “Jag Pranam” is said to be in line with the shipping industry’s trend of fleet renewal and asset optimization. G E Shipping continues to manage a diverse fleet of crude carriers, product carriers, LPG carriers, and various classes of dry bulk vessels.

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