Great Eastern Shipping signs deal to sell Jag Vijaya gas carrier

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The Great Eastern Shipping Company Limited (G E Shipping) said that it has signed a contract to divest the Jag Vijaya gas carrier to an undisclosed buyer.

Jag Vijaya is a midsize gas carrier that was built in 1997. It has a volume of around 35,421 cbm, said the Indian shipping company, which primarily transports liquid, gas, and solid bulk products.

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The LPG tanker vessel will be handed over to the new buyer in the first half of FY 2022-23.

Currently, Great Eastern Shipping has a fleet of 45 vessels, which includes 31 tankers (eight crude carriers, 18 product tankers, and five LPG carriers) and 14 dry bulk carriers (two Capesize, seven Kamsarmax, and five Supramax).

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The fleet of the Indian shipping company has an average age of 12.66 years, aggregating 3.57 mn dwt.


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