GE Shipping Rises 1% After Pact to Sell VLGC ‘Jag Vishnu’

Shares of Great Eastern Shipping Company Limited (GE Shipping) rose 1% to touch a day’s high of Rs 1,111.60 on 29th December after the company said it had signed an agreement to sell its very large gas carrier, Jag Vishnu, as part of its ongoing fleet management strategy, according to a regulatory filing.

The vessel, built in 2002, has a cargo capacity of about 77,922 cubic metres. It has been contracted for sale to an unaffiliated third party.

GE Shipping executed the sale agreement for Jag Vishnu on 26th December 2025. Delivery to the buyer is scheduled for Q4 FY26.

After the sale, the company’s owned fleet will have 39 vessels. These include 25 tankers (crude, product, and LPG) and 14 dry bulk carriers (Capesize, Kamsarmax, Supramax). Together, they have a total capacity of around 3.17 million deadweight tonnes.

The company plans additional fleet moves in the same period. It will buy a second-hand very large gas carrier and a second-hand Ultramax dry bulk carrier. Moreover, it will sell a Kamsarmax dry bulk carrier, Jag Aarati. All are expected to complete in Q4 FY26.

GE Shipping said the Jag Vishnu sale is part of its strategy to optimise fleet composition. It also aims for better capital deployment across vessel segments.

At 12:39 PM, shares of GE Shipping were trading 0.58% higher at Rs 1,103.10 on NSE.

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