Essar Shipping
 | |
| Company type | Public company |
|---|---|
| BSE: 500630 NSE: ESSARPORTS | |
| Industry | Shipping Ports Logistics |
| Founded | 1945 |
| Headquarters | Mumbai[1] India |
Key people | Shashi Ruia (Chairman) Sanjay Mehta (CEO & MD)[2] |
| Revenue | ₹12.15 billion (US$150 million) (2010-2011)[citation needed] |
| Parent | Essar Group |
| Website | essar.com |
Essar Shipping Ltd., now Essar Shipping Ports & Logistics Limited, is an Indian shipping corporation for the global energy business. The company is a part of Essar Group. It was started in 1945 and incorporated in 2010. The company is listed in Bombay Stock Exchange BSE: 500630. The company headquarters is located in Mumbai.[1]
The company's fleet handles a daily average of eight million barrels of crude oil, 320,000 barrels of petroleum products and 355,000 tons of dry bulk cargo. The company currently has a fleet of 26 vessels, with an additional 12 new ships on order. It provides contract drilling services to global oil majors, with a fleet of 13 onshore rigs and one semi-submersible offshore rig; two new jack-up rigs on order.[citation needed] Essar Shipping Ports & Logistics Ltd was the first Indian shipping company to obtain the International Safety Management Code (ISM) in 1995 and is also ISO 14001 certified.[citation needed]. The company has proposed to maximise the fleet in 2017-18 by adding new VLCCs & ULCCs.
Operations
Sea transportation
Company has a diversified fleet of 26 vessels including VLCCs, Capesize, Mini-capesize, Supramaxes, mini-bulk carriers & tugs.It provides crude oil and petroleum products transportation, transportation management services and integrated dry bulk transportation services. It has provided service for more than 220 ship years[clarification needed] to Indian and global oil majorsand commodity traders.
- Provides crude oil and product transportation services
- More than 225 ship years of service to leading Indian and global oil majors and commodity traders; tonnage presently stands at 2 million tonnes
 | This article contains promotional content. (April 2015) |
Ports and terminals
Vadinar (Gujarat, India): A 37 million ton port and terminal facility to provide handling, storage and terminaling services for crude oil and petroleum products to refineries and traders.
Logistics
It provides end-to-end logistics services – from ships to ports, lighterage services to plants, intra-plant logistics and dispatching finished products to the final customer. It owns transhipment assets to provide lighterage support services, onshore & offshore logistics services. It manages a fleet of 4,200 trucks for inland transportation of steel and petroleum products.[3]
- Owns transhipment assets to provide lighterage support services, onshore & offshore logistics services
- Manages a fleet of 4,200 trucks for inland transportation of steel and petroleum product
Oilfields services ( OGDSL - Oil & Gas Drilling Services Limited)
Provides contract drilling and Integrated Project Management services to oil and gas companies worldwide, operating both offshore and onshore in diverse countries.
- Owns a fleet of 14 rigs, which includes 1 semi-submersible rig and 13 onshore rigs[citation needed]
Under execution
- Sea transportation: On order book of 4 new building vessels[4]
- Oilfields services: New On shore drilling contract in Gabon to begin shortly. Beating its own records of highest commercial speed with new added Schramm Rigs deployed with ONGC CBM
See also
References
- ^ a b "Essar Group | Contact us". Essar.com. 30 June 2009. Archived from the original on 27 June 2011. Retrieved 16 July 2010.
- ^ "BSE Plus". Bseindia.com. Archived from the original on 7 June 2011. Retrieved 16 July 2010.
- ^ "Shipping logistics". Tuesday, 25 December 2018
- ^ Essar Group
- The Hindu, Sunday, Oct 03, 2004 - Essar Shipping: Buy, by S. Vaidya Nathan
- CorporateInformation Snapshot of Essar Shipping Limited
- [1]
- [2]