India, July 7 -- The Great Eastern Shipping Company Ltd. (GE Shipping) has signed an agreement to sell its 2009-built Long Range 2 tanker, Jag Lokesh, with a carrying capacity of approximately 105,900 deadweight tonnes (DWT), to an unaffiliated third party.
The vessel is scheduled to be delivered to the buyer during Q2 FY27.
Following the transaction, GE Shipping's owned fleet will comprise 40 vessels with an aggregate capacity of 3.24 million DWT, including 25 tankers and 15 dry bulk carriers. The company said its current fleet capacity utilisation remains close to 100%.
Separately, GE Shipping has also contracted to acquire a 2015-built secondhand Long Range 2 product tanker, with the purchase expected to be completed during Q2 FY27.
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