Essar Shipping
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. Headquartered in Mumbai, it operates as a subsidiary of the Essar Group.
| Company type | Public company |
|---|---|
Traded as | BSE: 500630 NSE: ESSARPORTS |
| Industry | Shipping Ports Logistics |
| Founded | 1945 |
| Headquarters | Mumbai India |
Key people | Shashi Ruia (Chairman) Prakash Tulsiani (CEO) |
| Revenue | ₹12.15 billion (US$150 million) (2010-2011) |
| Parent | Essar Group |
| Website | essar.com |
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.. The company has proposed to maximise the fleet in 2017-18 by adding new VLCCs & ULCCs.