Essar Shipping is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services.
Essar's 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. We own transshipment assets to provide lighterage support services, and onshore and offshore logistics services. We also manage a fleet of 5,000 trucks for the inland transportation of steel and petroleum products.
The sea transportation business has a diversified fleet of 27 vessels including VLCCs, mini-bulk carriers, Supramaxes, tugs and cape-sizes to provide crude oil and product transportation services. We have more than 220 ship years serving leading Indian and global oil majors and commodity traders and a combined tonnage of over 1.4 million. We currently have an order book of 12 new building vessels.
Essar Shipping also provides contract drilling and related services to oil and gas companies worldwide, operating both offshore and onshore in diverse countries. We own a fleet of 13 rigs, which includes one semi-submersible rig and 12 onshore rigs.
Our integrated business model provides opportunities to cater to the complete supply chain management services to clients in oil and gas, steel, and power generation industries, and focuses on the intrinsic and captive demand for transportation services, logistics and cargo handling infrastructure. With interests in crude and dry bulk carriers, port-to-plant logistics and oilfield services, the company continues to provide end-to-end logistics solutions to its customers in a very cost-effective manner.
Our contracted revenue is based on long-term contracts with domestic and international clientele, catered by a diversified mix of assets. The company follows the conservative policy of entering into long-term contracts with reputed global oil and industrial majors, thereby ensuring assured cash flows and long-term profitability, as well as hedging against spot market volatility. Most of our vessels have committed cargo contracts well into the next decade.