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Shipping enterprises are a boon to India and its financial system. Shipping enterprises are the most significant form of transportation in the current generation.
Shipping companies function as a trade correlation between the countries and enable to uphold a stable economic affair between them. Whereas this enables the interchange of profit between the foreign countries and maintains the flow of exchange of goods to a constant level.
Cargo, automobiles, petroleum products, organic chemicals, coffee, iron, and steel products, etc. are the goods normally transported through this way.
The United States of America, China, Australia, the United Kingdom, the Middle East, and Japan are the major foreign countries in which India exports its shipping services.
America is the leading superpower in import and export has supported strengthening the profits and has continued a steady amicable relationship with India. This has enabled to maintain trade and wealth between foreign countries and India.
Let’s take a look at the top shipping companies that are trustworthy and are popular in India over the last few years.
The Shipping Corporation of India Ltd
Shipping Corporation of India is the front-runner shipping enterprise in the country. The shipping corporation is a purely government-owned enterprise. It was started in 1961 in Bombay by the government of India.
Its headquarters is incorporated in Corporate Centre, Madame Cama Road, and Mumbai. The company is rendering various services like Liner and Passenger services, Bulk carrier and tanker services, offshore services. The company is functioning and handling vessels that catering national and international lines.
Essar Shipping
Essar shipping is the second-largest shipping company in India. Essar Shipping is a private sector company that started in the year 1945. Its headquarters is situated in Mumbai, India.
The enterprise is part of the Essar Group. Essar Shipping Ltd is an integrated logistics services provider involved in the trading of sea shipping, oilfields services, and, logistics services.
The enterprise provides various transportation services to Essar Steel India Limited (ESIL) and Essar Oil Limited (EOL), which are preoccupied with production activities, and require services of the Company for exporting and importing raw materials and finished goods.
Cochin Shipyard Ltd
Cochin Shipyard Ltd is one of the leading Shipping Companies in India. Cochin Shipyard Limited (CSL) is the primary shipbuilding and maintenance enterprise in India.
The shipping enterprise is part of a line of maritime-related services in the port city of Kochi, in the state of Kerala, India.
The company is providing an extensive range of products including Tankers, Bulk carriers, Patrol boats, Diving support vessels, and Platform supply vessels.
The Great Eastern Shipping Company
The Great Eastern Shipping Company or also known as GE shipping is the second-biggest private sector shipping after Essar Group. It was started in the year 1948.
The company headquarter is situated in Worli, Mumbai, Maharashtra. Great eastern is a top notch private sector shipping company that mainly transports gas, liquid, and solid bulk products.
The main business of the enterprise is separated into two parts-shipping and offshore. Crude Oil, Dry Bulk Commodities, Gas, and Petroleum Products, are transported in Shipping Business. The total numbers of the workforce working for the enterprise are around 2000 to 3000.
Bharathi Shipyard
Bharati Shipyard is India’s principal shipbuilding company. The company was started in 1973. The enterprise is based in Mumbai and the founders are Prakash Kapoor and Vijay Kumar, graduates of the Ocean Engineering & Naval Architecture program.
The company is mainly focusing on shipbuilding, designing, and repairing. The overall income of the Bharati Shipyard is Rs 5257 crore until now. The total numbers of workers are around 3000 to 5000.
ABG Shipyard
ABG Shipyard is the largest shipping company that focuses on shipbuilding and designing company like Bharati Shipyard. It was founded in the year 1985, headquartered in Mumbai.
Rishi Agarwal is the founder and chairman of the company. The overall income of the company is around Rs 4322 crore until now. The total numbers of workers are around 3000 to 4000. The company has the largest ship-repairing unit in Goa and two facilities in Gujarat also.
Mercator Limited
The company was earlier recognized as Mercator Lines Ltd. The company is into various businesses like Commodity Transportation, Dredging, and Coal, Oil & Gas. It was started in the year 1983, Mumbai. Its headquarters are incorporated in Mumbai, Maharashtra.
The overall income generated by Mercator Limited is around Rs 1835 Crore. The total numbers of staffs working for Mercator limited are anticipated to be 2000 to 5000 and they are increasing in numbers. H K Mittal is the founder and chairman of the company.
Gujarat Pipavav port Ltd
Gujarat Pipavav port ltd is a leading shipping company started by Nikhil Gandhi in the year 1996. The shipping enterprise could be also known as Pipavav Shipyard. The company is providing various services like logistic support, cargo handling, pilotage/towage.
The total revenue generated by Pipavav Shipyard is around Rs 1515 crore. The total number of staff working for the company could be around 3500 to 5000. The company is incorporated in Mumbai and Rajiv Shukla is the current CEO of the company.
Trans Asia Shipping Services Pvt Ltd
Trans Asia Shipping Services Pvt Ltd is leading shipping & logistic service provider with 28 years of expertise. The enterprise was incorporated in 1992 at Kochi, a port city along the coastline of Kerala, India.
The company is providing various services like Ship Owning, International and Domestic Liner operations, Container owning, Logistics, Plantation, Ship Building and Realty.
Trans Asia Line was launched with its own shipping operations in the Middle East, South East Asian ports, India and sub continents and China among others.