Indian owner Great Eastern Shipping has struck a deal to sell its 2004-built MR product tanker Jag Pahel, making room for more modern tonnage.
The price and the buyer of the 46,300 dwt ship Great Eastern ordered in February 2003, have not been disclosed.
The Hanjin Heavy-built ship, estimated by VesselsValue to be worth around $17.7m, will change hands by the end of the first quarter of the company’s 2025 fiscal year.
Last month, the Mumbai-listed owner picked up a 2010-built MR from Ireland-based tanker player Ardmore Shipping for $27.1m, and another unnamed 2013-built 51,486 dwt tanker last week, a few months after offloading another ageing unit.
Great Eastern currently lists a fleet of 42 ships, comprising a mix of 30 crude and product carriers, four LPG carriers and 14 bulkers.