Essar Shipping
Encyclopedia
Essar Shipping Ltd. now Essar Shipping Ports & Logistics Limited is an India
n shipping
and logistics
corporation
with a focus on transportation solutions for the global energy
business. The company is a part of Essar Group
. It was started in 1945. The company is listed in Bombay Stock Exchange
. The company headquarter 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
. 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.
): A 37 million ton port
and terminal facility to provide handling, storage and terminalling services for crude oil and petroleum
products to refineries and traders.
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.
The CEO and Managing Director is Mr. Sanjay Mehta. Mr. Sanjay Mehta has been with Essar Group since 2000 and has been instrumental in making investments decisions for the Ruia family in the Shipping and Logistics sector. Sanjay Mehta, is a senior member of the board at Essar Global Limited, the holding company of the Ruia Family. Recently in an article in the Economic Times* refers to him moving to london in 2006 and him being instrumental in the listing of Essar Energy PLC on London Stock Exchange. Essar Energy PLC is a FTSE 50 company. Ruia family is one of the top Indian business family with investmens paning across Steel making, Oil&Gas, Telecommunications, Construction and Shipping & Logistics.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
and logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
with a focus on transportation solutions for the global energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
business. The company is a part of Essar Group
Essar Group
The Essar Group is a multinational conglomerate corporation in the sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics as well as Construction head quartered at Mumbai, India...
. It was started in 1945. The company is listed in Bombay Stock Exchange
Bombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
. The company headquarter is located in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
.
The company's fleet handles a daily average of eight million barrels of crude oil, 320,000 barrels of petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
products and 355,000 tons of dry bulk cargo
Cargo
Cargo is goods or produce transported, generally for commercial gain, by ship, aircraft, train, van or truck. In modern times, containers are used in most intermodal long-haul cargo transport.-Marine:...
. Essar Shipping Ports & Logistics Ltd was the first Indian shipping company to obtain the International Safety Management Code
International Safety Management Code
The ISM Code provides an International standard for the safe management and operation of ships and for pollution prevention. The purpose of ISM Code is:* To ensure Safety at Sea* To prevent human injury or loss of life...
(ISM) in 1995 and is also ISO 14001 certified.
Sea Transportation
Company has a diversified fleet of 25 vessels including VLCCs, product tankers and cape-sizes.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 leading Indian and global oil majorsand commodity traders.Ports & Terminals
Vadinar (Gujarat, IndiaIndia
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
): A 37 million ton port
Port
A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land....
and terminal facility to provide handling, storage and terminalling services for crude oil and petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
products to refineries and traders.
Logistics
It provides end-to-end logisticsLogistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
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.
Oilfields services
It provides contract drilling and related services to oil and gas companies worldwide, operating both offshore and onshore in diverse countries.It owns a fleet of 14 rigs, which includes 1 semi submersible rig and 13 onshore rigs.See also
- Essar GroupEssar GroupThe Essar Group is a multinational conglomerate corporation in the sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics as well as Construction head quartered at Mumbai, India...
- Shipping Corporation of IndiaShipping Corporation of IndiaThe Shipping Corporation of India is a company owned by the Government of India based out of Mumbai that operates and manages vessels that services both national and international lines.-History:...
The CEO and Managing Director is Mr. Sanjay Mehta. Mr. Sanjay Mehta has been with Essar Group since 2000 and has been instrumental in making investments decisions for the Ruia family in the Shipping and Logistics sector. Sanjay Mehta, is a senior member of the board at Essar Global Limited, the holding company of the Ruia Family. Recently in an article in the Economic Times* refers to him moving to london in 2006 and him being instrumental in the listing of Essar Energy PLC on London Stock Exchange. Essar Energy PLC is a FTSE 50 company. Ruia family is one of the top Indian business family with investmens paning across Steel making, Oil&Gas, Telecommunications, Construction and Shipping & Logistics.