Chowgule Steamships has completed sale and delivery of its River-Sea Vessel on December 23, 2018. The sale of the said vessel, which was in a laid-up condition, has resulted in a book loss of about Rs 54 lakh.
Chowgule Steamships is principally engaged in the carriage of goods by sea. The company's Coastal fleet vessels participate in coastal movement of cargoes like cement clinker, bauxite, steel coils, food grains, industrial salt, etc.