The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2004 built Medium Range Product Tanker, Jag Pranam of about 48,700 dwt on May 15, 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by first half Fiscal Year 2025. Including Jag Pranam, company's current fleet stands at 44 vessels, comprising 30 tankers (6 crude carriers, 20 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.46 million dwt.

Additionally, company had contracted to sell one MR product tanker on April 01, 2024, which is due for delivery in first quarter Fiscal Year 2025.