Great Eastern continues ageing tankers clearout

Indian owner Great Eastern Shipping is selling its 2005-built MR Jag Padma to an undisclosed buyer, with the vessel estimated at $17.8m by VesselsValue. The company has been refreshing its fleet this year, recently selling another 2005-built tanker and maintaining a diverse fleet comprising crude and product carriers, LPG carriers, and bulkers. Great Eastern continues to focus on fleet rejuvenation through strategic sales and acquisitions.

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