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Essar Shipping
Essar Shipping Ltd. (ESL) is one of the world’s leading integrated sea logistics companies, with a special focus on transportation solutions for the global energy business. A strong management team of experienced marine professionals steers the company, maintaining customer focus, world-class operations, an impressive safety record and consistent financial performance. ESL owns the country’s largest VLCC (Very Large Crude Carrier), which is also India’s first double hull, double bottom VLCC.

ESL serves customers across the value chain, offering services in the areas of bulk transport, supply chain management and storage and distribution. We are global experts in the energy business, with over 20 years of oil-handling experience
ESL operates in three main business areas:
Energy transportation group: provides sea transportation management services to the global energy industry, including US, European and Indian oil companies. ESL has long-standing relationships with all the major global oil companies and its tankers have been chartered to international oil majors like Shell, Exxon/Mobil, Chevron, Statoil, Ultramar Inc., BP Amoco and Texaco.

Integrated bulk/petroleum product transportation services group: offers supply chain management services for the sea transportation of bulk cargo and refined products. This group services steel, power, cement, fertiliser and petroleum companies in South East Asia and India, for clients such as Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum.

Crude oil and refined products handling and storage group: provides storage and distribution services in India. ESL, through a wholly owned subsidiary Vadinar Oil Terminal Ltd., owns port and terminal facilities to handle the receipt, storage and dispatch of crude oil and petroleum products at Vadinar in Jamnagar, Gujarat, which is an all-weather, deep-draft port.
World -class standards
Essar Shipping is one of the world's lowest-cost operators, with an exemplary safety record. The fleet is maintained to the highest quality, safety and operational standards. ESL is the first Indian shipping company to obtain the International Safety Management (ISM) code for its fleet of bulkers and tankers in July 1995, three years ahead of the International Maritime Organization's (IMO) deadline. Its vessels have received the US Coast Guard's AMVER award for high maritime safety standards. ESL was the first Indian company to operate oil tankers in the highly competitive Atlantic region, especially to the US, which has stringent environment laws and heavy liabilities for failure.
Customer-led and flexible

The needs of our customers drive our business and our core competencies are closely aligned to their requirements. We carefully study the geographical and product mix of our clients to provide the best solutions, optimising their businesses and saving them time and money. Our customers know they can count on us for scheduling flexibility, reliability, availability and management accessibility. We also support clients with a comprehensive shipbroker network and a sophisticated e-backbone, which allows them to track their cargo status on a real-time basis.

Our astute mix of long-term and spot contracts gives us a vessel utilisation rate of around 95%. Since trading assets wisely is crucial in the shipping business, ESL has invested consistently during recessions to be able to profitably encash assets during revivals. ESL is publicly listed and has remained financially strong even during periods of industry volatility, with consistently strong revenues and profits.