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
Legal Status of FirmPrivate Limited Company
Nature of BusinessService Provider
IndiaMART Member SinceFeb 2012
Essar began as a construction company in 1969 and has diversified into manufacturing, services and retail over the years since then. Over the last decade, it has grown through strategic global acquisitions and partnerships, or through greenfield and brownfield development projects, capturing new markets and discovering new raw material sources.
Today, Essar continues to expand its global footprint, focusing on markets in Asia, Africa, Europe, the Americas and Australia. Essar invests significantly in the latest technology to drive forward and backward integration in its businesses, and on leveraging synergies between these businesses. It also focuses on in-house research and innovation to be a low-cost manufacturer with high-quality products and innovative customer offerings.
Essar Global Fund (EGFL) is a diversified global investment fund with a diversified portfolio of investments across the sectors of energy, metals & mining, infrastructure and services. The combined assets of Essar Power and Essar Oil constitute Essar Energy.
Alongside its ambitious business pursuits, Essar has been committed to its social responsibility. The company runs community outreach initiatives at all of its plant locations, with a focus on education, healthcare, environmental and agricultural development, and self-employment. Essar is committed to sustainable business practices. Its Health, Safety and Environment (HSE) management system is on par with global standards.
The company is also actively undertaking climate change initiatives to reduce its carbon footprint. This includes several Clean Development Mechanism (CDM) projects that earn the company 'Certified Emission Reduction' credits. A growing number of its businesses – with new businesses joining the list every year – are certified to international environment standards, including ISO 9001 /14001, and health and safety standards, such as OHSAS 18001.
Essar is widely regarded as a responsible and conscientious global employer. It has experience in managing businesses in different geographies with a culturally diverse workforce. This is why its people practices are sensitive to cross-cultural nuances. The company's people strategy is focused on promoting a learning culture that continually enhances the professional skills of its employees