GE Shipping to divest VLGC “Jag Vishnu” as part of fleet optimisation

has contracted to sell its very large gas carrier (VLGC) Jag Vishnu to an unaffiliated third party, continuing its active fleet management strategy. The agreement was executed on 26 December 2025, and the vessel—built in 2002 with ~77,922 cubic metres cargo capacity—is expected to be delivered in Q4 FY26. Post completion, GE Shipping’s owned fleet is expected to stand at 39 vessels with an aggregate capacity of ~3.17 million deadweight tonnes (DWT). The fleet mix is indicated as 25 tankers (covering crude, product and LPG segments) and 14 dry bulk carriers (across Capesize, Kamsarmax and Supramax categories), underscoring a diversified portfolio across shipping cycles. Alongside the VLGC sale, the company has also outlined additional transactions for the same broad period: acquisition of one second-hand VLGC and one second-hand Ultramax dry bulk vessel, and the planned sale of a Kamsarmax dry bulk carrier, Jag Aarati, with these expected to conclude in Q4 FY26. Overall, the announced moves point to a portfolio refresh aimed at optimising fleet composition and capital allocation rather than a directional bet on any single segment. ​ Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.