Essar Shipping Ltd - ESSAR SHIPPING Share Price

Summary

Essar Shipping Ltd is a part of the multinational conglomerate Essar Group. The company is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services. The companys integrated business model provides end-to-end logistics, shipping and oilfield services to its customers in a very cost-effective manner.The company has a diversified fleet of 26 vessels, including VLCCs, Capesizes, Supramaxes, mini bulk carriers and tugs. The Oilfields Services business provides contract drilling services to oil & gas companies across the globe. This business owns one semi-submersible rig and 12 land rigs. The Logistics business 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. This business owns transshipment assets to provide lighterage support services, and onshore & offshore logistics services. The subsidiaries companies are, Essar Logistics Ltd, Essar Oilfields Services Ltd, Essar Oilfield Services (India) Ltd, Energy Transportation International Ltd and Energy II Ltd.Essar Shipping Ltd was incorporated on April 16, 2010 with the name of Essar Ports & Terminals Ltd in the State of Gujarat. The company received the certificate of commencement of business on June 1, 2010. The main object of the company on incorporation was to carry on the business inter alia of providing ports and terminals services.... Read More