List of Top 8 Shipping Companies in India (2021): Today the Shipping companies are an integral part of a country’s economy. They help in the export and import of every conceivable commodity – thereby keeping the wheels of the economy moving. Every day, thousands of ships ply on various shipping lanes, across all the seas and oceans globally. Braving inclement weather, ships ply on the rough seas to enable industries to function around the world and also markets to operate.
The Shipping Industry in India
In FY 2020, Indian ports handled more than 700 million tonnes of cargo. More than 90% of India’s international trade by volume is done through maritime transport. Currently, 12 major and 200+ minor and intermediary ports handle India’s ship traffic. India’s merchant shipping is among the largest, as far as developing nations are concerned. More than 50 companies are operational, with an overall fleet size of more than 1,400.
So if you have questions in mind like which are the top shipping company or who is the best shipping company, then you may check the infographic that mention India’s top shipping company or else you can check the below list.
Shipping Corporation of India
SCI began as a small liner shipping company in 1961 with a handful of vessels. With time, it has become the largest of its kind in the country. The huge fleet of the company consists of container vessels, product tankers, crude oil and bulk carriers, passenger liners, and offshore supply vessels, among others. More than 30% of India’s total tonnage is owned by SCI. The company is much-awarded and has also been conferred the Navratna status. SCI is also into shipbuilding & technical consultancy.
- Market Cap (Rs Crore): 4,206
- Book Value (Rs): 170
- Face Value (RS): 10.00
Profit and Loss (in Rs. Crore)
- MAR 2020: 336
- MAR 2019: -63
- MAR 2018: 306
- MAR 2017: 182
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: 337
- September Net Profit: 142
Great Eastern Shipping
The Sheth and the Bhiwandiwala families started this company in 1948. Working against the odds, the company kept growing at a steady pace to become India’s largest private sector shipping company. GE Shipping is into a tanker and dry bulk carrier services. In recognition of its stringent quality control implementation, the company has been certified with ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 standards. Its fleet consists of more than 40 vessels with varying DWT.
- Market Cap (Rs Crore):4,016
- Book Value (Rs): N/A
- Face Value (RS): 10.00
Profit and Loss (in Rs. Crore)
- MAR 2020: N/A
- MAR 2019: N/A
- MAR 2018: N/A
- MAR 2017: N/A
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: N/A
- September Net Profit: N/A
SEAMEC Limited
Incorporated as PEERLESS LEASING PRIVATE LTD in 1986, SEAMEC is a well-known and much-awarded shipping service provider in India. With rigorous safety and compliance procedures in place, SEAMEC is run by a team of highly competent and dedicated personnel. Some of the major services that it offers are marine and vessel management, firefighting, sub-sea construction, pipe laying, search and rescue operations, carnage, and drill support.
- Market Cap (Rs Crore): 1,184
- Book Value (Rs): 225
- Face Value (RS): 10.00
Profit and Loss (in Rs. Crore)
- MAR 2020: 133
- MAR 2019: 82
- MAR 2018: 1
- MAR 2017: -149
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -3
- September Net Profit: 16
Among the many feathers in the cap of Reliance Naval and Engineering Limited, a key one is that it is India’s first private sector entity to have secured the rights to build warships. The engineering infrastructure of the company is among the largest in India and the company also has the country’s only modular shipbuilding facility. Besides commercial and naval shipbuilding, the company is also into ship repair, oil & gas drilling services, and related heavy engineering.
- Market Cap (Rs Crore): 195
- Book Value (Rs): -165
- Face Value (RS): 10.00
Profit and Loss (in Rs. Crore)
- MAR 2020: -1,761
- MAR 2019: -10,927
- MAR 2018: -1,012
- MAR 2017: -577
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -371
- September Net Profit: -375
Essar Shipping
Part of the huge Essar Group, Essar Shipping is India’s 2nd largest shipping company in the private sector. The fleet is young and state of the art. The company has received multiple ISO certifications ever since its inception more than 4 decades ago. Essar Shipping commands almost 20% market share in the dry bulk cargo domain. It handles close to 20 MT cargo every year. It’s primarily active in the areas of coastal shipping and oil & gas drilling.
- Market Cap (Rs Crore): 190
- Book Value (Rs): -216
- Face Value (RS): 10.00
Profit and Loss (in Rs. Crore)
- MAR 2020: -1,979
- MAR 2019: -1,682
- MAR 2018: -3,775
- MAR 2017: -1,665
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -101
- September Net Profit: -159
Mercator
Established in 1983, Mercator Ltd is part of the diversified Mercator Group. It has seen considerable growth in the three-odd decades and has the 2nd largest tanker fleet in India. Mercator is also involved in a dry bulk carriage, coal transportation, oil & gas exploration, and dredging. It primarily operates in the Indonesia-India-China-Indonesia trade lane and presently has an operating fleet of close to 20. Some of the major clients that Mercator handles are the ports of Paradip, Kandla, and New Mangalore, and the Indian Navy.
- Market Cap (Rs Crore): 30.2
- Book Value (Rs): -39.8
- Face Value (RS): 1.00
Profit and Loss (in Rs. Crore)
- MAR 2020: -926
- MAR 2019: -909
- MAR 2018: -295
- MAR 2017: 24
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -69
- September Net Profit: -76
Global Offshore
Earlier known as Garware Offshore Services Ltd, the company has gone from strength to strength in the last 4 decades. Primarily, the company deals with oil & gas exploration activity. Its services include transporting the drilling personnel to and from the rigs, delivering cargo to the rigs, underwater construction, towing of rigs, etc. Some of the key clients handled by Global Offshore are ONGC, British Gas, Cairn Energy, Shell, PTSC Vietnam, to name a few.
- Market Cap (Rs Crore): 20
- Book Value (Rs): -245.27
- Face Value (RS): 10.00
Profit and Loss (in Rs. Crore)
- MAR 2020: N/A
- MAR 2019: N/A
- MAR 2018: N/A
- MAR 2017: N/A
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: N/A
- September Net Profit: N/A
Varun Shipping
Operating primarily in the hydrocarbon sector, Varun Shipping started its journey in 1971. It’s a leading organization in the private sector in its domain. Its state-of-the-art fleet of 21 vessels includes 11 LPG carriers, 3 crude oil carriers, and 7 Anchor Handling Towing & Supply vessels. The company has won many accolades and awards on account of its superior standard customer service throughout its operational tenure. With its sights set on touching new heights consistently, Varun Shipping continues to innovate & improve its levels with every passing day.
- Market Cap (Rs Crore): 146.41
- Book Value (Rs): 17.83
- Face Value (RS): 10.00
Profit and Loss (in Rs. Crore)
- MAR 2020: N/A
- MAR 2019: N/A
- MAR 2018: N/A
- MAR 2017: N/A
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: N/A
- September Net Profit: N/A
List of Top 8 Shipping Companies in India
| Sl. No. | Shipping Company | Establishment | Head office | Website |
| 1 | Shipping Corporation of India | 1950 | Mumbai | http://www.shipindia.com/ |
| 2 | Great Eastern Shipping | 1948 | Mumbai | http://www.greatship.com/ |
| 3 | SEAMEC Limited | 1986 | Mumbai | http://seamec.in/ |
| 4 | Reliance Naval and Engineering Limited | 2017 | Mumbai | http://www.rnaval.co.in/ |
| 5 | Essar Shipping | 1945 | Mumbai | https://www.essar.com/ |
| 6 | Mercator | 1983 | Mumbai | http://www.mercator.in/ |
| 7 | Global Offshore | 1976 | Mumbai | https://www.globaloffshore.in/ |
| 8 | Varun Shipping | 1971 | Mumbai | http://www.varunship.com/ |
