The Indian shipping industry is one of the key drivers of the country’s economy, as the majority of voluminous trading is done via sea. India is the largest merchant-shipping fleets amongst the developing nations. Companies like ABG Shipyard Ltd, Mercator Ltd, etc., are firm to establish new dimensions in terms of infrastructural development in the sector. Here are top 10 India-based shipping companies that are contributing significantly in the growth of the sector.
- ABG Shipyard Ltd
A division of ABG Group, Ahmedabad-based ABG Shipyard Ltd is one of the leading shipbuilding companies in India. Incepted in the year 1985, the company offers ship maintenance facility through its service center in Goa. Under the supervision of MD Rishi Agarwal ABG Shipyard also offers a wide array of services, including ship design, shipbuilding, and ship repair.
- Mercator Ltd
Established in the year 1983, Mumbai, Mercator Ltd deals in various businesses like commodity transportation, coal, oil & gas and dredging. The company has also ventured into offshore business, with its subsidiaries naming, Mercator Offshore Ltd and Mercator Oil and Gas Ltd.
- Gujarat Pipavav Port Ltd
Established under the headship of Nikhil Gandhi in the year 1996, Gujarat Pipavav Port Ltd offers a range of shipping services like logistic support, cargo handling, pilotage/towage etc.
- Great Eastern Shipping Companies Ltd
Founded in 1948, Great Eastern Shipping Companies Ltd deals in transportation of gas, liquid and solid bulk products. The company headquarter is located in Worli, Mumbai, and it services the oil companies in operating offshore exploration and production activities, under its offshore business.
- Shipping Corporation of India Ltd
Shipping Corporation of India Ltd commenced its operations in 1961 by combining of Western Shipping Corporation and Eastern Shipping Corporation. Headquartered in Mumbai, the company offers diverse services like Liner and passenger services, bulk carrier and tanker services and offshore services.
- Essar Shipping Ltd
Essar Shipping is an integrated logistics solution-provider, which deals in logistics services, sea transportation and oilfield drilling services. The compny offers end-to-end logistics services, including ships to ports, lighterage services to plants, intra-plant logistics and dispatching finished products to the end customer.
- Mazagon Dock Shipbuilders Ltd
Established in the year 1934, Mazagon Dock Shipbuilders Ltd is headquartered in Mumbai, India. The company’s offerings include Naval Ships, offshore platforms, bulk carriers, tankers, submarines, patrol boats, supply vessels etc.
- Seaways Shipping & Logistics Ltd
Seaways Group, has an extensive experience in the shipping industry. The company offers integrated and turnkey services in shipping and logistics domains. Seaways owes its success to well-established NVOCCs operations in South East Asia and Middle East markets.
- Shreyas Shipping
Founded in 1988, Shreyas Shipping provides feeder and logistics services, while working with several port-agencies throughout India. The Mumbai-based firm boasts of fleet that includes nine vessels, which provide services globally across Bangladesh and the Middle East.
- Reliance Defence and Engineering Ltd
Reliance Defence and Engineering Ltd, formerly known as Offshore Engineering Company Limited, is a shipbuilding and heavy-industry company. The Mumbai-based firm owns a sprawling shipyard, through which it carries out business with other shipping partners. The shipyard can also accommodate ships weighing up to 400,000 tons.