GE Shipping sells the 2011-built Jag Aarati, with delivery in Q4 FY26; fleet to shrink to 40 vessels after divestment.
Great Eastern Shipping Company has moved ahead with a key fleet-reshaping decision, confirming the sale of its 2011-built Kamsarmax dry bulk carrier ‘Jag Aarati’ to an unaffiliated third-party buyer. The vessel is scheduled for delivery in Q4 FY26, marking another step in the company’s long-term asset optimisation strategy.
Once the transaction is completed, Great Eastern Shipping’s fleet strength will reduce to 40 vessels, reflecting a deliberate shift toward modernising and rebalancing its portfolio. The Kamsarmax class, widely used for transporting dry bulk commodities, remains a crucial segment of the global shipping market, making this divestment a notable move for the company.
The sale also underscores the vessel’s lifecycle, with ‘Jag Aarati’ having served for over a decade. Such strategic disposals help shipping companies maintain operational efficiency and align capacity with market conditions.
On the market front, Great Eastern Shipping’s stock has shown mixed short-term movement but strong long-term performance:
- 1 Day: –0.02%
- 5 Days: +1.46%
- 1 Month: –1.72%
- 6 Months: +15.50%
- 1 Year: +7.98%
- 5 Years: +314.00%
The company’s latest move signals continued discipline in fleet management as it positions itself for future growth in the global dry bulk trade.
Source: The Great Eastern Shipping
