essar shipping
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indian shipping corporation essar shipping ltd (esl) has reported a strong operational performance with a 22% ...
indian shipping company essar shipping limited (esl) has added to its fleet mahavir, a panamax bulk carrier. the ...
the standard chartered group has assigned an' outperform rating' to essar ports, the demerged entity of essar shipping port and logistics .
essar shipping board meeting on thursday, march 23, 2017 at 4: 00 p. m .
essar ports, the demerged entity of essar shipping port and logistics (espll), got listed on the bse today at rs 75 a share .
essar shipping ports & logistics ltd has informed bse that the hon' ble high court of gujarat at ahmedabad has on march 01, 2011 approved the composite scheme of arrangement which provides for the merger of essar ports & terminals limited and essar international limited and demerger of the shipping & logistics and oilfields drilling business into a separate company viz. , essar shipping limited .
essar steel has emerged as the main customer for essar shipping since the inception of essar’s hazira steel complex in the early 1990s. hence, essar shipping’s fleet is being used for coastal cargo movement catering to essar’s steel business requirement and providing it quicker access both to raw materials sourced from mines in eastern india and to steel consuming markets in india and abroad .
essar shipping ports & logistics ltd has informed bse that the equity shareholders, secured creditors (including holders of non - convertible debentures) and unsecured creditors of the company, at its court convened meeting held on november 30, 2010, have unanimously approved the scheme of arrangement between essar shipping ports & logistics limited, essar ports & terminals limited, essar international limited, essar shipping limited, and their respective... .
essar shipping is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services .
essar shipping ltd. , incorporated in the year 2010, is a small cap company (having a market cap of rs 328. 06 crore) operating in shipping sector .
essar shipping ports & logistics ltd has informed bse that the application (for composite scheme of arrangement under sections 391 - 394 of the companies act, 1956 amongst essar shipping ports & logistics limited, essar ports & terminals limited, mauritius, essar international limited, essar shipping limited and their respective shareholders and creditors) has been filed with the hon' ble high court of gujarat at ahmedabad and the court has directed... .
essar shipping ports & logistics ltd has informed bse about the financial results for the quarter ended december 31, 2010 .
essar shipping ports & logistics ltd has informed bse about the financial results for the quarter ended september 30, 2010 .
essar oilfields services limited: latest news, photos, videos on essar oilfields services limited - ndtv. com
essar shipping disclosures under reg. 31 (1) and 31 (2) of sebi (sast) regulations, 2011
essar shipping revised disclosures under reg. 31 (1) and 31 (2) of sebi (sast) regulations, 2011
essar shipping ltd on thursday, reported standalone loss of rs 50. 45 crore for the quarter ended june 30, 2016 .
essar shipping on wednesday said its consolidated net loss narrowed to rs 151. 66 crore for the quarter ended march 31, 2016 .
essar oilfields services ltd (eosl), a wholly - owned subsidiary of essar shipping ports & logistics, today said it has won its first contract outside india, valued at usd 40 million .
buoyant over the performance of the private sector ports, the standard chartered group has assigned an' outperform rating' to essar ports, the demerged entity of essar shipping port and logistics (espll) .
union minister of shipping, road transport and highways nitin gadkari is ...
essar oilfields services ltd, a a subsidiary of cyprus - based essar shipping and logistics ltd, said on wednesday that it has acquired a semi - submersible rig transocean inc of us for 220 million dollars .
essar shipping, through its subsidiaries essar oilfields services ltd and essar oilfield services (india) ltd, provides quality onshore and offshore drilling services and related services to international clients. own a fleet of 16 rigs, which includes one semi - submersible rig and 15 onshore rigs .
a fully - owned subsidiary of essar shipping ltd, essar oilfields owns and operates 15 land rigs and one offshore semi - submersible rig. the company had reported $ 18 million in revenue in 2016 - 17 .
essar shipping ports & logistics ltd posted a 78% decline in profit after tax at rs 13. 9 crore for three months ended march 2011 .
essar shipping ports & logistics ltd has informed bse that the company has taken delivery of a 1982 japan built 136, 600 dwt capesize dry bulk carrier .
essar shipping ports & logistics ltd has submitted the disclosure under regulation 8a of sebi (substantial acquisition of shares & takeovers) regulations, 1997 to bse date of reporting: march 17, 2011 name of the company: essar shipping ports & logistics ltd total no of outstanding shares of the company: 615, 683, 320 name of the entity: essar steel ltd... .
essar shipping ltd (esl), one of india’s leading shipping companies, has added a panamax vessel of 74, 005 deadweight tonnage (dwt) to its fleet of 14 vessels, taking the total tonnage volume to 1. 6 million dwt .
new delhi: essar ports & shipping has sold 60. 09 per cent stake in essar shipping to essar africa steel holdings by way of inter - se transfer .
this is to inform you that we have sold 12, 43, 62, 408 equity shares of rs 10 each in essar shipping (esl), representing 60. 09 per cent of the equity share capital of esl to essar africa steel holdings ltd, by way of inter - se transfer ,
the company told bse .
this constitutes disclosures of promoter (s) to the stock exchange and the target company for encumbrance of shares in terms of regulation of 31 (2) of the sebi takeover regulations, 2011 ,
it said. essar shipping is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services .
essar power limited has commissioned the 32 mw coal based captive power project at vishakapatnam, india for meeting the power demand of its group company essar steel limited .
essar power limited is setting up a 120 mw refinery residue based captive co - generation power project at vadinar, india for its group company essar oil limited .
essar shipping, the shipping arm of essar group, ended fy17 q4 with a net loss of ₹176. 6 crore on a consolidated basis, versus a ₹88. 2 - crore loss in the previous quarter and ₹147. 2 crore in the corresponding quarter of fy16. quarterly revenue shrunk to ₹467. 8 crore from ₹673. 7 crore in the previous quarter .
essar shipping ports & logistics ltd has informed bse that the company on february 23, 2011 has taken delivery of a 1990 japan built, 151, 418 dwt capesize dry bulk carrier .
in the filing, essar shipping said ,
goodwill of rs 6, 062. 56 crore on consolidation in the financial statements of the group pertains to the oilfields services business .
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posted on august 4, 2017 with tags beira port, essar ports, mozambique .
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the company history page lists out the major events in chronological order for essar ports ltd .
“it will be a separate company and may not consolidate in essar ports. along with essar shipping and third company, it is going to be a consortium. we have got the license to set up a one million - tonne capacity terminal terms of which are getting finalised. it is an investment of rs 400 crore with 75 percent debt and balance equity. essar shipping could charter the gas but we still looking at various routes for gas. terms will finalise by end of 2017, ” agarwal said .
the company’s total expenses during the period rose to ₹644 crore from ₹619. 81 crore in the same quarter of the previous fiscal. during the quarter ended march 31, essar shipping has added a panamax vessel of 74, 005 dwt to its fleet that will replace the decommissioned capesize carrier of 152, 065 dwt. essar shipping’s fleet now consists of 14 vessels, most of which are used for coastal cargo movements .
essar shipping ltd (esl), the logistics arm of essar group, is eyeing a 10 per cent growth in cargo handling during 2017 - 18 at a time when the capacity utilisation levels at shipping lines are low. esl’s cargo handling had grown by 22 per cent in fy17, while the company’s 14 - vessel fleet also grew its capacity utilisation to 94 per cent from 80 per cent in the previous fiscal .
last financial year, essar shipping moved around 11 million tonnes of cargo growing the capacity utilisation to 94 per cent from 80 per cent in the previous year. the company reported 22 per cent growth in cargo handling .
essar oilfields services limited is a fully owned subsidiary of essar shipping limited. it owns and operates 15 land rigs and one offshore semi - submersible rig. our rig fleet will soon expand with the addition of two new build jack - up rigs, which are currently under construction at the abg shipyard ltd. india essar oilfields services limited is a fully owned subsidiary of essar shipping limited. it owns and operates 15 land rigs and one offshore semi - submersible rig. our rig fleet will soon expand with the addition of two new build jack - up rigs, which are currently under construction at the abg shipyard ltd. india
essar ports has five operational port terminals at hazira, vadinar, paradip, salaya and visakhapatnam .
with reference to the earlier announcement dated december 16, 2010 regarding scheme of arrangement, essar shipping ports & logistics ltd has submitted to bse a copy of the synopsis of the results of the court convened meeting of the equity shareholders, secured creditors (including holders of non - convertible debentures) and un - secured creditors meeting of essar shipping ports & logistics limited. (for more details kindly refer corporate announcements on www. bseindia. com) .
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we have been rendering our services successfully with under mentioned ship - owners, shipping agents & marine work shops co’s since last 20 years .
essar shipping ports & logistics ltd has informed bse that, by an order made on october 21, 2010, the hon’ble high court of gujarat at ahmedabad has directed that a meeting of the equity shareholders, secured creditors & unsecured creditors of the essar shipping ports & logistics limited (the
applicant company
), will be held on november 30, 2010, for the purpose of considering, and if thought fit, approving, with or without modification, the composite... .
essar shipping ports & logistics limited has informed the exchange that essar oilfields services limited (eosl) (a wholly owned subsidiary) has been awarded its first contract outside india valued at approximately us $ 40 million by vietsovpetro jv (vsp), an e & p; company operating in vietnam, for drilling a 4800 meter offshore well with ...
divestment of majority stake in essar oil limited to rosneft, trafigura and ucp for usd 12. 9 billion in 2017
essar shipping’s fleet now consists of six mini - cape bulk carriers, one standard capesize (the largest among dry cargo ships), two supramax and two handysize (mini - vessels) dry bulk carriers as well as two oil tankers of vlcc category (very large crude carriers) .
japanese shipping company mitsui o. s. k. lines (mol) has placed an order for a 140, 400 dwt coal carrier at its ...
in october, essar group signed a deal with russia’s rosneft and partner consortium to sell their 98 per cent stake in essar oil. the $ 12. 9 billion deal included the vadinar refinery along with its port facility in gujarat. the vadinar port terminal has been contributing 50 per cent to essar port’s consolidated topline and forms about one - third of the ebitda of its port operations .
the project aims to enhance the coal handling capacity of mozambique by 20 mtpa in two phases of 10 mtpa each, essar said .
india’s port operator essar ports posted a record 19. 62 million tons of cargo in the quarter ending june 30, ...
japanese - made ship rechristened as mv mahavir was acquired for around $ 5 million. the ship will be deployed for transporting pellets, coal and limestone from essar steel’s pellet plant in paradip to the steel plant in hazira. “we wanted to utilise this ship for our own cargo, as steel production is coming up, we have a lot of movement, ” ranjit singh, executive director & ceo, essar shipping, told businessline .
essar shipping ports & logistics ltd has informed bse that the company has on february 10, 2011 entered into a memorandum of understanding with the port of antwerp international for strategic collaboration in the areas of consultancy, investment, training and enhancing commercial relations in the fast growing port sector in the india and abroad .
upon sale of the vadinar terminal, essar ports will have operational terminals at hazira and salaya on the west coast and paradip and vizag iron ore on the east. this will bring the total cargo handling capacity of essar ports to 82 million tonne from 140 million earlier .
since inception, essar ports has invested $ 2 billion into the ports business and aims to diversify into other cargos such as liquified natural gas handling. essar is currently to develop lng terminal and distribution facilities in haldia which will tap the requirements of primary and secondary hinterland .
essar house, 11, k. k. marg, maha mumbai 400034 p: + 9122. 66601100 f: + 9122. 23544312
according to singh, although catering mainly to the steel business, essar shipping is flexible. “we keep mix match of inside business as well as outside business, the moment we get a good opportunity and the market looks up, we get our vessels out, but we make sure that steel never suffers, ” singh explains .
the freight rates have overall increased over a year since february, 2016, when bdi has fallen to all - time law of 290 points. the revival in the trade helped india’s shipping majors to take advantage of the prevailing low asset prices and expand or update their fleet. this trend will probably continue as indian shipping industry still remains under - supplied, experts say .
india’s port company essar ports has signed a 30 - year concession agreement with the government of mozambique to develop a new coal terminal at beira port .
essar shipping ltd. key products / revenue segments include fleet operating & chartering earnings which contributed rs 653. 17 crore to sales value (99. 30% of total sales) and other operating revenue which contributed rs 4. 58 crore to sales value (0. 69% of total sales) for the year ending 31 - mar - 2017 .
essar ports witnessed massive buying at its counter on the first day of trade today as the stock skyrocketed by over 32. 81 per cent on the nse .
ranjit singh, executive director and ceo, esl said the company expects cargo handling to grow by 10 per cent year on year during 2017 - 18. he admitted that shipping business was going ...
essar oilfields services ltd today reported net profit of usd 15. 71 million for 2012 - 13 as against usd 14. 84 million loss in the previous fiscal .
“we would like to congratulate the government of mozambique for this initiative and for partnering with essar on such a prestigious national - level project. it will not only boost coal exports from mozambique and strengthen its economy, but also deliver significant direct and indirect benefits, ” rajiv agarwal, ceo & managing director, essar ports, said .
currently, essar ports is mainly in bulk cargo and also intends to have a diversified cargo base. the company also plans to get into container cargo sometime in future .
production picks up essar steel’s production has picked up lately: for the year ended march 31, 2017 its flat steel production registered 47 per cent growth, while pellet production grew by 60 per cent. this gives essar shipping’s ceo hope for more additions to its fleet. “we are still on look out for more panamax carriers. i am aiming to add more vessels this year, but i am waiting for the right opportunity, as this vessel we have picked up at the right time - since i made the deal till the time of acquisition the price has already shot up by 5 per cent, ” ranjit singh said .
the first phase of this project will be developed at a cost of close to usd 275 million and will entail developing dedicated berths, along with mechanized and environmentally - friendly systems, essar added .
though essar ports is geared to increase its third - party cargo in coming years, industry experts are of the view that the company may not be able to make much head - way in that segment .
essar global fund limited (“egfl”) is a global investor, controlling a number of world - class assets diversified across the core sectors of metals & mining, energy, infrastructure (comprising ports and epc businesses) and services (shipping, it and retail businesses). egfl invests long - term capital into the portfolio companies and holds near 100% stake in all its investments. egfl invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses .
private sector ship builder abg shipyard ltd on friday said that it has bagged a rs 2, 377. 41 crore (480 million us dollar) order for building two rigs from essar oilfields services ltd, mauritius .
as the ruias bid farewell to their 58 - million - tonne vadinar oil terminal by end of 2017, essar ports has chalked out a sturdy two - year plan to make up for the earnings loss from this asset .
essar shipping limited is an integrated logistics services provider engaged into the businesses of sea transportation, logistics services and oilfields services. the company' s geographical segments include india, china, switzerland, singapore, cyprus, uae, south korea, bermuda, marshall island and rest of the world. it has also directly and / or, through its subsidiaries, invested in diverse business verticals, such as fleet operating and chartering (tankers and dry bulkers), oilfields services (land rigs and semi - submersible rig) and logistics services (trucks, trailers and tippers). the company provides sea transportation, logistics services and oilfields services to essar steel india limited (esil) and essar oil limited (eol), which are engaged into manufacturing activities, and require services of the company for transportation of raw materials and finished goods. the fleet of the company includes vessels owned by the company, as well as those taken on finance or operating lease .
bhander power limited, a subsidiary company of essar power limited, is currently executing a gas based combined cycle power plant of 500 mw in three phases at hazira, gujarat for mitigating the increasing power demand of its group company essar steel limited. the phase - i of the project is already commissioned in combined cycle mode. the phase - ii of the project is operating in open cycle mode. the entire project is scheduled to be operational by january 2008. .
while essar ports is looking to grow the organic way, its peer adani ports has chosen to expand via the inorganic route. the latter in the last two - three years has made several acquisitions and has strong presence on both the west as well as the east coast of the country. industry experts are of the view that growth prospects for adani ports is far higher compared to essar ports as the former is an independent port company than a captive terminal operations. source: business standard
“all of essar ports’ existing terminals by design itself are captive in nature and not made to serve a third - party cargo. the company’s investment has been mainly liked to their captive industrial requirement. the company has no dna for managing an independent port business, ” said ramesh singhal, chief executive officer at i - maritime consultancy .
the dry bulk market has seen demand picking up with the global economy in a much better state since the second - half of last year. most of the dry bulk commodities including products such as iron ore, coal, steel, alumina etc, have seen prices going up by 40 - 50 per cent since june last year
, pradeep rajan, senior managing editor, asia pacific shipping & freight, s & p global platts, told businessline .
the deal forms part of a public private partnership (ppp) project that will be executed on design, build, own, operate and transfer (dboot) basis through a subsidiary, new coal terminal beira, sa (nctb sa), which is a joint venture of essar (which will own 70) and portos e caminhos de ferro de moçambique (cfm, which will own 30 %) .
“the plan is to take the capacity back to 140 million tonne by fy19 and for this, expansion at all terminals is currently ongoing with most capex in its final leg, ” chief executive officer and managing director rajiv agarwal told business standard. alongside, in a bid to diversify its customer base, essar ports will be increasing the share of third - party cargo in coming quarters from about 10 percent at present to 30 percent over the next couple of years .
essar power limited set up india' s first new generation independent power project at hazira, india in the early 1990s. the 515 mw natural gas fired combined cycle has consistently set new standards of excellence in the indian power sector and meets the highest operating benchmarks. this environment friendly plant operates with a plant availability factor in excess of 94% . in addition to multi - fuel capability, the plant has the lowest manpower to megawatt ratio and one of the lowest capital costs per megawatt in india .
the deal with roseneft is not just offering essar ports with an opportunity to expand its existing asset to make for the lost one but is also helping the company slash debt of about rs 6, 000 crore to half. “our funding for capex is all done and so the balance sheet is going to look strong, ” explained agarwal. the company is aiming to garner a revenue of about rs 2, 500 crore and ebitda of about rs 1, 700 crore by fy19 which will make up for the lost earnings from vadinar terminal .
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for the quarter ended 31 - 03 - 2017, the company has reported a consolidated sales of rs 552. 95 crore, down - 8. 03% from last quarter sales of rs 601. 21 crore and up 24. 57% from last year same quarter sales of rs 443. 88 crore company has reported net profit after tax of rs - 177. 91 crore in latest quarter .
the company’s top management includes capt. bhupinder singh kumar, capt. rahul bhargava, mr. n srinivasan, mr. p k srivastava, mr. ranjit singh, ms. neelam kapoor. company has cnk & associates llp as its auditors as on 31 - 03 - 2018, the company has a total of 206, 976, 072 shares outstanding .
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panamax stands for the mid - sized cargo ships capable of passing through the narrow panama canal .
the second - hand 16 - year - old panamax vessel added to the fleet will replace mv chandi prasad, a capesize carrier of 152, 065 dwt decommissioned last month after sailing for 28 years .
despite recent “nervousness” in the freight market with baltic dry index (bdi), a key indicator of freight rates, sinking to 954 points as on may 23, due to slow demand from china coupled with oversupply of vessels in the global dry bulk industry, the bdi is still in the comfortable zone and is not expected to drop significantly, experts say .
currently, the freight levels have dropped after they had jumped up during the first quarter of the year. but market watchers think the dry bulk vessels will have a steady run with chinese economy expected to perform better this year ,
rajan said .
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the company closed the financial year with a loss of ₹583 crore compared with ₹550 crore in the previous year. the consolidated revenue grew to ₹2, 313 crore from ₹2, 020 crore in the previous fiscal .
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the company' s loss in the corresponding quarter of previous fiscal stood at rs 45. 94 crore ,
total income from operations during the quarter declined to rs 175. 38 crore, over rs 195. 81 crore in the year - ago period, the filing said .
the total expenses of the company dropped to rs 144. 18 crore, over rs 190. 62 crore in the corresponding quarter of previous financial year .
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“we are working towards building our revenue stream for a third party cargo. we are in touch with neighbouring customers and also getting into mous (memorandum of understanding). prospects of iron ore at vizag are good so 50 per cent is being planned for fy18 and 70 percent in fy19. likewise salayah, hazria and paradip first it would be 20 per cent third - party cargo for this year and the following year it would be increased to 50 per cent, ” agarwal said .
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mozambique is estimated to have reserves of over 23 billion tonnes of coal, which makes the country a major coal exporter that is well placed to cater to the international steel & power industries, especially in india, china, japan and korea .
the nctb has dedicated rail connectivity to mozambique’s coal mining belt in the tete region, which cfm has recently enhanced to a capacity of 20 mtpa .
the company is expanding its hazira port capacity by 20 mtpa, which will take the capacity to 50 mtpa, and is working on adding iron ore berths at visakhapatnam port with a total capacity of 16 mtpa .
bulk materials port operator millennium bulk terminals - longview (mbtl) has obtained its first permit needed for the ...
an alliance of three partners will position a floating transfer platform (ftp) in south vietnam capable of ...
adani ports and special economic zone (apsez), a port developer and part of the adani group, has begun the ...
niotis: lng bunkering has moved past the' chicken and egg' situation .
a three - day strike started at australian port kembla coal terminal (pkct) on april 11 over a dispute regarding ...
hutchison ports has signed a memorandum of understanding (mou) with the government of ukraine for the development ...
ports america and sydney harbour investment partners (ship) have reached an agreement to promote, develop and ...
on august 26, california governor jerry brown signed into law a bill to block state funds for any new project that ...
the company' s consolidated net loss narrowed to rs 151. 66 crore from rs 159. 69 crore in the year - ago period
the firm had posted a net loss of rs 159. 69 crore in the year - ago period, it said in a regulatory filing .
total consolidated income of the firm, however rose to rs 445. 62 crore in january - march quarter of the last financial year from rs 426. 51 crore during the same quarter in 2014 - 15 .
the firm indicated that it may have to take an impairment on certain assets related to the oilfields services business .
the carrying amount of certain rigs (including capital work - in - progress of rs 79. 04 crore), which have generally not been deployed for extended period of time of the said business is rs 173. 03 crore as at march 31, 2016, it added .
the management is in process of validating various operational assumptions impacting the estimated future cash flows from the operation of the rigs of the said subsidiary and the consequent effect on the valuation of the subsidiary to determine whether there is any decline, other than temporary in the value of the aforesaid investment ,
it said .
pending conclusion of the said assessment, recoverable amounts of the goodwill and the rigs, are not yet estimated and accordingly, provision for impairment of the goodwill and the rigs, if any, has not been recognised as at march 31, 2016, it added .
in a separate filing, the company said its board has in - principle approved to sale of upto 51% shares in its subsidiary, arkay logistics, subject to approvals .
for entire 2015 - 16 financial; year, the firm' s consolidated net loss was lower at rs 453. 09 crore from rs 458. 95 crore in 2014 - 15. total consolidated income declined to rs 1, 719. 63 crore against rs 1, 910. 62 crore during the same period .
the portfolio companies have aggregate revenues of about usd 15 billion (estimated for the financial year ending 31 march 2018) and employ over 8, 000 people .
egfl has over the years demonstrated a successful track record of value creation and monetization. the assets monetized by egfl have attracted interest from leading global players .
divestment of a significant minority stake held in vodafone india to vodafone for usd 5. 5 billion in 2011
pt elnusa tbk. was founded as pt electronika nusantara based on indonesia corporate establishment act no. 18, dated 25th january 1969, indonesia corporate capital change no. 10, dated 13th february 1969 as witnessed by notary tan thong kie. such establishment data was recorded at republic of indonesia hall of record no. 35, annex no. 58, dated 2nd may 1969. pt elnusa named by 9th september 1969 .
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in over last 10 years we have built confidence in over 50 companies located globally in use of our services. some of our valued clients includes the following :
​at ibm, when performance review time rolls around, staff get judged not on their past achievements but also on how they might perform ...
samsung has taken the ‘make in india’ initiative to another level by launching ‘ ...
the ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like saudi aramco .
the indian market is expected to open higher. here is a list of top seventeen stocks that are likely to be in focus today .
post listing, the ports company will be india' s second largest private port company with 88 mn tonnes per annum (mtpa) capacity .
the disinvestment of cochin shipyard has been put on the backburner, as it has yet to firm up its expansion plans for which it had to raise funds .
major of our work is carried out at our workshop cum office near the port area of mumbai .
harmeen insulation engineers abdul gafoor shopping center, shop no. 4, 1 dockyard road, mazgaon, mumbai - 400 010
o. s. v. neel kamal o. s. v. neel akash
recently there is major job of vessel the work is in progress as follows .
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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 . 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 . 
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. 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.
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. 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.