Essar Shipping (ESL) is eyeing a 38% growth in cargo volume in the ongoing fiscal to 18 million tonnes (MT) compared to 13.06 MT of cargo handled in the previous fiscal. The company has a 20% market share in coastal cargo along the Indian coast.
The company’s 14-vessel diversified fleet had already handled 7.72 MT of dry bulk cargo during April-September of 2017-18. The cargo handling volumes in October and November this year were 1.25 MT and 1.27 MT, respectively.
Essar Shipping is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services.
