Essar Shipping
 | |
| Public company | |
| Traded as |
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$180 million) (2010-2011) |
| 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. 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.
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 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
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.
- 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 products
Oilfields services
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
Under execution
- Sea transportation: On order book of 4 new building vessels[3]
- Oilfields services: Two new jack-up rigs on order
See also
References
- 1 2 "Essar Group | Contact us". Essar.com. 30 June 2009. Retrieved 16 July 2010.
- ↑ "BSE Plus". Bseindia.com. Retrieved 16 July 2010.
- ↑ Essar Group
- The Hindu, Sunday, Oct 03, 2004 - Essar Shipping: Buy, by S. Vaidya Nathan
- CorporateInformation Snapshot of Essar Shipping Limited