Great Eastern Shipping Company expands fleet with acquisition of Jag Priya

Great Eastern Shipping Company took delivery of a 2010 built Medium Range product tanker Jag Priya of about 49,999 dwt. The Company had contracted to buy the vessel in Q4 FY24.

Including this vessel, the Company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.41 mn dwt.

This vessel is financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.

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