The Great Eastern Shipping Company Limited — Updates, 21-02-2025: Press Release

G E Shipping has successfully delivered its 2011 built Supramax dry bulk carrier, “Jag Rishi,” to the buyers, with the sale contracted in January 2025. Following this delivery, the company's fleet consists of 38 vessels, including 26 tankers (comprising 5 crude carriers, 17 product carriers, and 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, and 2 Supramax), totaling approximately 3.04 million dwt. This divestment reflects G E Shipping's continual management of its fleet, presenting a potential opportunity for strategic repositioning in line with market demands. Investors should watch closely for how this move influences the company’s operational efficiency and capacity utilization moving forward.