The Great Eastern Shipping Company Limited has contracted to sell its 2011 built Supramax Dry Bulk Carrier, Jag Rani of about 56,820 dwt on August 29, 2024 to an unaffiliated third party.
The vessel will be delivered to the new buyer by Q3 FY25.
Including Jag Rani, Company’s current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 Mn dwt.
Additionally, we had contracted to sell one MR product tanker in July 2024, which is due for delivery by Q3 FY25.
The average starting price of a Supramax Tanker is about USD 20 million.