Essar Shipping
{{Short description|Indian shipping corporation for the global energy business}}
{{Use dmy dates|date=May 2014}}
{{Use Indian English|date=June 2016}}
{{Infobox company
|logo = Essar logo.svg
|logo_size = 200px
|name = Essar Shipping Ports & Logistics Ltd
|type = Public company
|traded_as={{BSE was|500630}}
{{NSE was|ESSARPORTS}}
|foundation = 1945
|location = Mumbai,{{cite web |url=http://www.essar.com/section.aspx?cont_id=DtRPwKqzQwY= |title=Essar Group | Contact us |publisher=Essar.com |date=30 June 2009 |access-date=16 July 2010 |archive-url=https://web.archive.org/web/20110627093012/http://www.essar.com/section.aspx?cont_id=dtrpwkqzqwy= |archive-date=27 June 2011 |url-status=dead }} India
|key_people = Shashi Ruia
(Chairman)
Prakash Tulsiani
(CEO){{cite web |url=http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500630 |title=BSE Plus |publisher=Bseindia.com |access-date=16 July 2010 |archive-url=https://web.archive.org/web/20110607113231/http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500630 |archive-date=7 June 2011 |url-status=dead }}
|industry = Shipping Ports
Logistics
|revenue = {{INRConvert|12.15|b}} (2010-2011){{citation needed|date=February 2014}}
| parent = Essar Group
|homepage = [http://www.essar.com 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.{{Cite web |title=BSE - Get Quote |url=https://m.bseindia.com/StockReach.aspx?scripcd=500630 |access-date=2024-04-03 |website=m.bseindia.com}} 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|date=August 2013}} 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|date=August 2013}} The company has proposed to maximise the fleet in 2017-18 by adding new VLCCs & ULCCs.{{update needed|date=September 2020}}{{clarify|reason=What does this jargon mean?|date=September 2020}}
Operations
= Sea transportation =
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{{clarify|date=April 2015}} 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
{{advert|date=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. Essar Shipping manages a fleet of 4,200 trucks for inland transportation of steel and petroleum products.{{cite web| url=https://volttech.io/same-day-delivery/|title= Shipping logistics }} Tuesday, 25 December 2018
- 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)=
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|date=August 2013}}
=Under execution=
- Sea transportation: On order book of 4 new building vesselsEssar Group
- 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
{{Reflist}}
- [http://www.thehindubusinessline.com/iw/2004/10/03/stories/2004100300390900.htm The Hindu, Sunday, Oct 03, 2004 - Essar Shipping: Buy, by S. Vaidya Nathan]
- [http://www.corporateinformation.com/snapshot.asp?Cusip=C35659940 CorporateInformation] snapshot of Essar Shipping Limited
- [https://web.archive.org/web/20110409152039/http://www.essar.com/upload/pdf/Essar_Profile.pdf]
- [https://web.archive.org/web/20110607113231/http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500630]
{{Essar Group}}
Category:Shipping companies of India
Category:Companies based in Mumbai
Category:Transport companies established in 1945
Category:Indian companies established in 1945
Category:Companies formerly listed on the National Stock Exchange of India
Category:Companies formerly listed on the Bombay Stock Exchange