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) Prakash Tulsiani (CEO)[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. Established in 1945, Essar Shipping was formally incorporated in 2010 and is listed on the Bombay Stock Exchange.[3] Headquartered in Mumbai, it operates as a subsidiary of the Essar Group.
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.[needs update][clarification needed]
Operations
[edit]Sea transportation
[edit]Company has a diversified fleet of 26 vessels including VLCCs, Capesize, Mini-capesize, Supramaxes, mini-bulk carriers and 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
[edit]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
[edit]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. Essar Shipping manages a fleet of 4,200 trucks for inland transportation of steel and petroleum products.[4]
- Essar Shipping owns transhipment assets to provide lighterage support services, onshore & offshore logistics services
- Essar Shipping manages a fleet of 4,200 trucks for inland transportation of steel and petroleum product
Oilfields services (OGDSL - Oil & Gas Drilling Services Limited)
[edit]Essar Shipping provides contract drilling and Integrated Project Management services to oil and gas companies worldwide, operating both offshore and onshore in a multitude of countries.
- Owns a fleet of 14 rigs, which includes 1 semi-submersible rig and 13 onshore rigs[citation needed]
Under execution
[edit]- Sea transportation: On order book of 4 new building vessels[5]
- 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
[edit]References
[edit]- ^ "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.
- ^ "BSE - Get Quote". m.bseindia.com. Retrieved 3 April 2024.
- ^ "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]