The shipping companies are among the most important forms of transportation and export in today’s generation. They function as a trade connection between the countries and help to maintain a stable economic relationship between them. While this ensures the exchange of profit between the foreign countries, it also keeps the flow of export and import of products to a steady level. The products generally carried in this way include oil, automobiles, cargo, petroleum products, cotton, organic chemicals, coffee, iron, and steel products, etc.
India exports its products to some major foreign countries like the United States of America, United Kingdom, china, japan, Australia, the Middle East and some parts of South Africa. America being the leading country in import and export has helped to increase the profits and has maintained a constant friendly relation with India. This has helped to promote trade and wealth between India and the other countries.
Shipping companies are a boon to India and its economy. They have helped in a lot of ways without which there could have been a huge loss in the development and the interconnection between the foreign countries across the world. Some of the benefits of using shipping companies in India are as follows:-
- Oceanic shipments– Over the years, the shipping companies have increased the production to the countries outside India. These companies or freight forwarders arrange for door-to-door service including customs clearance, duties, and local delivery. They are responsible for carrying the products from the source to the destination countries which has also helped to flourish the trade over the years.
- Transportation benefits- These shipping companies help to transfer heavy carriages from one country to the other within a specified amount of time. They take the full responsibility of transporting the required freight and luggage to the required destinations. Food, raw materials, crops, metals, clothes, fodder are exported in large amount to the other foreign countries.
- Warehousing employment– By using good logistics and warehouses, the shipping companies store and transport the freights efficiently. These have helped to increase the levels of employment near the sea-shores and river banks.
- Interconnectivity– The shipping companies have helped to establish a link and trade route between the foreign countries. This has helped to increase the constant flow of products and their demand across the globe. It has also helped to exchange information and culture between India and the foreign countries.
In this article, we have made a list of top 8 shipping companies that are trustworthy and are popular in India over the last few years. They have provided good service and have received positive feedback from their customers.
List of Top Shipping companies in India are as follows:
Great Eastern Shipping
Headquartered in Mumbai, Great Eastern is one of the biggest shipping company in India. They are one of the most reliable shipping companies in India. They transport a wide range of goods like liquid, solid bulk products and gas. They are also involved in the transportation of crude oil, petroleum products, gas and dry bulk commodities. It is an ISO 9001: 2000 standard company and is listed on India’s two main stock exchanges, that is the Bombay stock exchange and the National stock exchange.
- Market Cap (Rs Cr.): 4,221.61
- Book Value (Rs): 344.78
- Face Value (RS): 10.00
Profit & Loss:
- Mar 2020: 207.14
- Mar 2020: -21.45
- Mar 2020: -209.57
- Mar 2020: 754.96
Shipping Corporation of India
It is a Government of India Public sector undertaking enterprise that manages vessels both on the national and the international sea routes. It is one of the main companies that are responsible for establishing trade in the coastal areas and provides employment opportunities. It also provides coastal and passenger services, freight carriages, dry docking, bulk carriers, tankers and shipbuilding consultancy.
- Market Cap (Rs Cr.): 4,015.19
- Book Value (Rs): 156.68
- Face Value (RS): 10.00
Profit & Loss:
- Mar 2020: 302.34
- Mar 2020: -121.98
- Mar 2020: 253.75
- Mar 2020: 142.20
Seamec Limited
It is one of the leading shipping companies that provide support diving based services along with utility and carrier-based services. It provides inspection, repair and maintenance of offshore and onshore operations. Their bulk carrier services are spread across different countries across the world and have been providing their efficient services for a long period of time.
- Market Cap (Rs Cr.): 1,239.98
- Book Value (Rs): 187.77
- Face Value (RS): 10.00
Profit & Loss:
- Mar 2020: 133.25
- Mar 2020: 81.85
- Mar 2020: 1.00
- Mar 2020: -148.86
Reliance Naval and Engineering Limited
It is one of the leading shipping companies that has developed the most versatile and modern engineering techniques and devices for its marine operations. It is one of the leading exporters of oil and gas to the other countries. This company uses modular construction methods to deliver a wide range of vessels within the promised amount of time. It has taken major initiatives and has developed strategic alliances to strengthen its deliver and operations across the world.
- Market Cap (Rs Cr.): 262.58
- Book Value (Rs): -161.06
- Face Value (RS): 10.00
Profit & Loss:
- Mar 2020: -1,621.33
- Mar 2020: -10,481.05
- Mar 2020: -956.08
- Mar 2020: -523.43
Essar Shipping Limited
It was started in 1945 and incorporated in the year 2010. Being an Indian Shipping Company, they are listed in the NSE and having the headquarters in Mumbai. They have has invested in sustainable industries like paperless navigation and green passports in order to make vessel emissions IMO compliant. They cover nearly 20% of the market share in the dry bulk cargo sector. Its regulatory control provides scope for further improvement of the sector with certain government policies.
- Market Cap (Rs Cr.): 220.22
- Book Value (Rs): -132.84
- Face Value (RS): 10.00
Profit & Loss:
- Mar 2020: -1,686.85
- Mar 2020: -3,777.58
- Mar 2020: -1,649.09
- Mar 2020: -584.68
Mercator Limited
It is a well-known shipping company that serves its operations on oil and gas, dredging, petroleum, coal and commodity transportation. The logo of this company appropriately reflects this focus on Energy. It has undertaken the transportation and export of various commodities like crude oil, coal, petroleum products, raw materials, etc. It undertakes various dredging projects to provide support to the Indian naval systems.
- Market Cap (Rs Cr.): 35.69
- Book Value (Rs): -25.50
- Face Value (RS): 1.00
Profit & Loss:
- Mar 2020: -912.46
- Mar 2020: -879.09
- Mar 2020: -277.54
- Mar 2020: 28.80
Global Offshore Services Limited
Located in Mumbai, it is counted among one of the most important shipping companies from the western India. It was incorporated in 1976 and performs major drilling operations in the sea. It is also listed in Bombay stock exchange and performs major sea exchanges. It also exports petroleum products, crude oil, freight charges across the sea. It also forms an interconnection between the neighbouring countries and promotes wealth and trade.
- Market Cap (Rs Cr.): 21.98
- Book Value (Rs): 51.26
- Face Value (RS): 10.00
Profit & Loss:
- Mar 2020: -7.13
- Mar 2020: -695.64
- Mar 2020: -262.50
- Mar 2020: -165.20
Hariyana Shipping Limited
It is one of the flagship shipping companies in India with recycling undertakings. It first started its operations in Mumbai and has now achieved an annual turnover of more than 60000 MT per annum. It is recognized as a part of Bombay stock exchange and is an ISO certified 9001: 2000 company. “Hellespont Grand”- one of the largest vessel in India was imported by this shipping company. It has great shipping standards and infrastructure for its working and naval operations.
- Market Cap (Rs Cr.): 24.39
- Book Value (Rs): 204.16
- Face Value (RS): 10.00
Profit & Loss:
- Mar 2020: -6.85
- Mar 2020: 8.14
- Mar 2020: 9.81
- Mar 2020: 9.37
List of Top 8 Shipping Companies in India
| Sl. No. | Company | Address | Website |
| 1 | Great Eastern Shipping | Ocean House, 134/A, B Wing, BDD Chawls Worli, Worli, Mumbai, Maharashtra 400018 | https://www.greatship.com
|
| 2 | Shipping Corporation of India | Shipping House 16th floor, 245, Madam Cama Road, Mumbai 400-021 | https://www.shipindia.com |
| 3 | Seamec Limited | A-901-905, 9th Floor, 215 Atrium, Andheri – Kurla Road, Andheri (East), Mumbai – 400093, India | http://seamec.in |
| 4 | Reliance Naval and Engineering Limited | Reliance Centre, 2nd Floor, South Wing, Santa Cruz (East), Mumbai – 400055 | https://www.rnaval.co.in |
| 5 | Essar Shipping Limited | Essar House, 11 Keshavrao Khadye Marg, Mahalaxmi, Mumbai – 400 03 | https://www.essar.com |
| 6 | Mercator Limited | 83-87, 8th Floor, Mittal Tower, B-wing, Nariman Point, Mumbai-400021, India | http://mercator.in |
| 7 | Global Offshore Services Limited | Global Offshore Services Ltd. 101 & 202, A-wing, Swpnabhoomi, S K Bole Road, Dadar ( West ). Mumbai-400 028 | https://www.globaloffshore.in
|
| 8 | Hariyana Shipping Limited | 156, Maker Chambers VI, 220 Jamnalal Bajaj Marg, Nariman Point, | https://www.hariyanagroup.com |
Final Words
These are the top 8 shipping companies in India that are trustworthy and reliable. They take full responsibility for carriage and freight protection. Their companies are well maintained by experienced naval officers who take proper care and try to ensure the highest forms of security and safety. Most of the shipping companies are located near the coastal areas where the demand for the import and export via the sea is high. They are also responsible for the development of the coastal areas promoting trade and employment.
Most of the companies are listed in the Bombay stock exchange and have great shipping standards. Apart from that few of the shipping companies also provide passenger services to the abroad countries. These shipping companies mainly export petroleum products, coal, oil, freight, raw materials, etc. These shipping companies always try to be punctual and complete the delivery within the stipulated amount of time.
