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Home > Businesses > Shipping > Operations

Operations

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Essar Shipping is among the largest shipping companies in India providing global transportation logistics solutions

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Essar Shipping provides end-to-end sea transportation, logistics and oilfield services, including shipping, lighterage services, logistics services and dispatch of finished products to onshore and offshore drilling services, and offshore construction services. 

The company has structured its operations under three verticals:

  • Sea transportation business. 
  • Oilfield services. 
  • Logistics services.

Sea transportation business
The company’s sea transportation business division offers integrated transportation management and logistics solutions to global oil majors and the energy, steel and power industries. It provides crude oil transportation, transportation management services and integrated dry bulk transportation services.

In the energy transportation segment, Essar Shipping has the credentials of serving all global oil majors based in the Americas, the Middle East, Europe and Asia. In dry bulk commodity transportation, the company’s clientele includes the world’s leading players in the manufacturing and minerals sectors. The company was the first Indian shipping company to obtain the International Safety Management (ISM) code for bulkers and tankers. The company is ISO 14001 certified and have has received several awards for safety and quality.

The current fleet strength of 26 ships includes two double-hull, double-bottom VLCCs, six capesize vessels, two modern supramax vessels, two handysize bulk carriers, 10 mini bulk carriers and four tugs with aggregate capacity of 1.6 Mn DWT.

Six mini-capesize vessels, being built at the STX Shipyard in Dalian (China), and six supramax vessels, being built at ABG Shipyard, Dahej (Gujarat), are due to join the fleet shortly. With the addition of these vessels, the company’s total tonnage is expected to be 2.6 Mn DWT. The new building vessels will be acquired on bare boat charter basis.

The company adopts the policy of entering into long-term contracts with reputed global oil and industrial majors, thereby ensuring assured cash flows and long-term profitability of the company, as well as hedging the company against spot market volatility and industrial cyclicality. Most of the company's vessels have committed cargo contracts well into the next decade, with committed cargo contracts worth USD 3.8 billion to be serviced over the next 15 years.

Oilfield services
Essar Shipping, through its subsidiaries Essar Oilfield Services Ltd (EOSL) and Essar Oilfield Services (India) Ltd (EOSIL), provides quality onshore and offshore drilling services to international clients. The company owns and operates a fleet of 13 rigs, which include one offshore semi-submersible rig, Essar Wildcat, and 12 onshore rigs. Essar Wildcat is a third-generation semi-submersible offshore rig, which is rated to work in water depths up to 1,300 feet and has a drilling capacity of 25,000 feet; the rig can be upgraded for deeper waters. 

The company's contracted revenue is based on long-term contracts with domestic and international clientele, catered to by a diversified mix of assets. The onshore rig fleet comprises seven mobile rigs and five land rigs; with capacities varying from 250 HP to 2000 HP. 

Essar Shipping has entered into a contract with ABG Shipyard, Dahej (Gujarat), for the construction of two new jack-up rigs. The JU-2000A rigs are state-of-the-art rigs and have been designed by Freide & Goldman Limited, USA, one of the world’s leading designers of mobile offshore drilling and production units in the world. 

The rigs will be built in accordance with the stringent rules and standards set by the American Bureau of Shipping (ABS) relating to safety of life and property at sea. The rigs are designed to operate round the year in regions like the Gulf of Mexico and also in harsh environments such as the North Sea.

These rigs will have the capacity to operate at depths upto 350 feet, drill into the seabed upto 30,000 feet and be able to withstand harsh conditions. The main features of the design include increased storm criteria, extended cantilever reach, a lightweight and efficient drilling package.

Logistics business
The company, through its subsidiary Essar Logistics Ltd (ELL), provides logistics management, transshipment and port services. The company specialises in the handling, storage, distribution and movement of cargo by sea, road and rail. The company operates as an end-to-end logistics service provider. Services include cargo, transshipment, lighterage and trucking services to steel mills and oil refineries. ELL has made investments in acquiring assets for movement of project cargo.

The company also provides lighterage support services and onshore and offshore logistics services by a fleet of transshipment assets which include 10 articulated barges, two floating cranes and six tugs.

The company also operates a fleet of 5,000 trucks to provide inland transportation of steel and petroleum products. It services the entire logistics requirements of Essar Steel Ltd that operates a 10-MTPA steel plant at Hazira, Gujarat.



Essar Oilfields Services

Essar Oilfields Services Limited is a fully owned subsidiary of Essar Shipping Limited. It owns and operates 12 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
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Essar Wildcat starts work on USD121-million drilling contract off Indonesia

The Wildcat, a semisubmersible offshore drilling rig, won the ConocoPhillips contract to drill 11 intelligent completion offshore wells.
 
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