The Great Eastern Shipping Company Limited — Updates, 24-01-2025: Press Release

The Great Eastern Shipping Company Limited has contracted to sell its 2011 built Supramax Dry Bulk Carrier, Jag Rishi, with a deadweight tonnage of approximately 56,719 dwt to an unaffiliated third party. The completion of the sale is expected by Q4 FY25. Following this transaction, G E Shipping's fleet will comprise 39 vessels, including 26 tankers and 13 dry bulk carriers, totaling 3.10 million dwt. This strategic move may signify a focus on optimizing the fleet composition and potentially improving operational efficiency. Investors should watch closely for the implications on the company's future earnings and growth trajectory as it streamlines its asset profile.