Shipping is an important means of transportation that allow movement of goods and cargo by sea. Shipping play an important role in improving the economy of any country through the movement of essential goods and services to and fro the country.
The Indian Shipping Industry is a huge and important industry and play a vital role in transportation of goods and cargo. Its importance can be traced from the fact that more than 90 percent of the country’s trading by volume is done through shipping.
India has 199 ports and out of them 12 are major ports and rest are non-major ports. Also, the total cargo traffic in this financial year was more than 1,000 Million Metric Tonnes, which is expected to cross the mark of 1,700 Million Metric Tonnes by 2017.
Difference between Shipping and Logistics Company:
The main difference between Shipping and Logistics Companies is that Shipping Companies transports goods and cargo from one seaport to the other sea port, whereas Logistics Companies have a broader role and involves the transportation of goods and cargo from source to destination.
Shipping Companies are thus important for any country’s economy and at present there are many domestic and multinational shipping companies operating in India. This post describes about the Top 10 Largest Shipping Companies in India:
10. GOL Offshore
10th position is occupied by GOL Offshore, a shipping company incorporated in the year 1983 and operates in India, South Africa, Middle East and South East Asian countries. The company is known for offering excellent services and its fleet comprises of different types of vessel that include offshore support vessels, tug supply vessels, etc.
Talking about its services, then the company offers a diverse service that ranges from drilling to terminal support services. The company has its registered office in Mumbai and also offer ship repair services, inspection maintenance, engineering services.
9. Essar Shipping
Essar Shipping is another big shipping company and stand at ninth in the list of top 10 largest shipping companies in India. The company owns more than 200 ships, which is engaged in providing different types of services that include logistics services, drilling services, etc.
A part of Essar Group, Essar Shipping is an ISO certified and BSE listed company, which commenced its operations in the year 1945. The company is among the leading shipping company and handles over 8 million barrels of crude oil daily.
8. Seamec Limited
Seamec Limited is a public limited shipping company that provides a wide range of services that include logistics services, drilling and engineering services. The company owns a big fleet of vessels, that offer specialized services in marine management, fire fighting, rescue operations, etc.
7. Mercator Limited
Mercator Limited is the next shipping company, which came into existence in the year 1983. The company has a long list of achievements in its account and one of them is operation of vessels on rivers like Tapti.
The company belongs to Mercator Group, which has diversified business in coal mining, oil and gas, logistics, etc. Also, the company stands among the largest private shipping companies in terms of tonnage.
6. ABG Shipyard
Incorporated in the year 1985, ABG Shipyard has occupied the sixth position in the list of top 10 largest shipping companies in India. The company is engaged in the construction of a wide range of commercial vessels, that include support vessels, container ships, etc.
5. Shreyas Shipping
Shreyas Shipping is another leading shipping company, which started its operations in the year 1994. The company commenced operations in order to fill the gap between domestic ports and international ports.
4. Global Offshore Services
Global Offshore Services is the next shipping company on this list, which came into existence in the year 1976 as Garware Shipping Corporation Limited. The company has a fleet of vessels, which is engaged in several functions like delivery of cargo, towing, anchor handling operations, etc.
The company has also worked with various exploration and production companies that include ONGC, British Petroleum, Shell, Perenco, etc.
3. Shipping Corporation of India
Next on this list is Shipping Corporation of India, a public sector shipping company incorporated in the year 1961. The company has a significant contribution in India’s trade by earning a huge amount of foreign exchange.
The company operates and manages more than 100 vessels that include crude oil tankers, bulk carriers, offshore supply vessels, etc. Shipping Corporation of India also has Navratna Status, which shows the importance of the company.
Talking about its performance in the last financial year, then the company performed really well and generated a total revenue of more than Rs 4,300 Crore. Also, the net profit generated by the company was more than Rs 200 Crore.
2. Great Eastern Shipping Company
Great Eastern Shipping Company is among the largest private sector shipping company and stand at 2nd in the list of top 10 largest shipping companies in India. Great Eastern Shipping Company is an ISO 9001: 2000 certified company started its operations in the year 1948.
The company is engaged in the transportation of solid, liquid and gas products, that include crude oil, petroleum products, etc. Apart from shipping, the company is also engaged in the business of offshore.
Great Eastern Shipping Company is a swiftly growing shipping company and if we talk about its performance in the last financial year, then its revenue crossed the mark of Rs 2,000 Crore.
1. Gujarat Pipavav Port
Among all shipping companies in India, Gujarat Pipavav Port is the largest, which offer shipping services to over 60 countries in the world. The services offered by the company include cargo handling, logistics support and towage.
The network of the company is spread in over 50 ports across the world and the company is known for providing quality services. The company also stands among the largest container terminal operators in the world.