India's Great Eastern Shipping has struck a deal to sell an elderly LPG carrier.

It said an unnamed buyer will take delivery of the 75,209-cbm Jag Vishnu (built 1994) in the first half of its current financial year.

In October, brokers said Bharat Petroleum Corp has fixed Jag Vishnu for six months at $21,900 per day, with the option to extend the hire by a further period of three months.