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Video-Indian Shipping Directory
Sector Review-SHIPPING
Indian Shipping Companies
Indian shipping companies formerly traded primarily in cotton, pepper, and other spices, but now the shipping industry has grown in expanse and stature. India has a vast 7500 kilometer coastline, and the country also has had a rich maritime history dating back thousands of years. The Indian shipping industry consists of 616 ships, with a total capacity of 6.62 million tons Gross Registered Tonnage (GRT). 258 ships belonging to different shipping companies are involved in overseas trade and the rest ply inland routes. Some major shipping companies dominate the shipping industry sector. They are the public sector company, The Shipping Corporation Of Indi, and the private sector companies like Great Eastern Shipping, Essar Shipping, Chowgule Shipping and Varun Shipping.
India's shipping industry has hit rough weather in recent times. Even with the rapid increase in import-export trade in this sector, the shipping sector and ports have not gained. The situation is ironic because it was in India (Lothal) around 2500 BC that the world's first tidal dock was built.
Balakot and Dwarka were other major ports. India had established trade with Mesopotamia and also with the west. Over the years, India has offered free and fair competition to all shipping companies over the years.
In the past two years, the global oil trade and overall growth in trade have helped Indian shipping companies to improve their financial performance. The International Maritime Organization (IMO), the shipping regulatory authority, has imposed strict regulations on the shipping industry which have helped the industry's growth prospects. Moreover, creation of ITT and the implementation of tonnage tax in the previous budget have increased the profit percentages of the companies. Other issues, like freight rates, demand for tonnage, and profitability are closely linked to the general progress of the shipping companies.
The Indian National Shipowners Association wants customs duty exemptions for imported ship spares and ship repair equipments. They also want the 5% customs duty to be exempted for certain categories of vessels. Another of their demands is equality of income tax treatment of both Indian and foreign flagged ship seafarers.
Twice in the history of Indian shipping companies, in 1995-96 and 1999-2000 the tonnage crossed 7 million GRT. The recent freight market upsurge has prompted ship owners to go on an acquisition spree. At the same time, the tanker market has also witnessed a huge rise in rates. It is expected that the Indian fleet will cross the 10 million GRT mark. It was almost the golden era of Indian shipping industry.
The major sea ports of India are at Navi Mumbai, Haldia, Paradwip, Vishakahpatnam, Chennai, Tutikorin, Cochin, Mangalore, and Kandla.
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Assocham foresees Rs 90,000-crore investment in state’s port sector
Express News Service Tags : Associated Chambers of Commerce, Industry of India, ahmedabad Posted: Sat Oct 16 2010, 05:49 hrs
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has predicted development of 30 new minor ports along the 1,600-km coastline of the state at an estimated investment of Rs 90,000 crore in the next five years.
Addressing mediapersons on ‘India’s ports, shipping and maritime logistics’, Assocham Gujarat chairman Sunil Kakkad, co-chairperson Bhagyesh Soneji and secretary general D S Rawat, said this would be possible with the state government’s proposed policy of facilitating the landlocked states of northern and central regions to develop dedicated ports on Gujarat coastline.
They said states like Delhi, Punjab, Haryana, Himachal Pradesh, J&K, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Chhattisgarh and Rajasthan had expressed interest in setting up their own ports to meet the needs of business and industry in their states. Assocham, they said, has also recommended adopting a Gujarat-like strategy for development of ports in other coastline states. There are already 43 major and minor ports in the state.
According to them, setting up of new ports would also generate new employment opportunities. Going by the fact that a minor port provides direct and regular employment to at least 500 people and indirect employment in port-related services and logistics would be about 1,500, it would create new job opportunities for at least 60,000 people in the next five year.
At the same time, they said there was acute shortage of trained port staff in the country and with the setting up of new ports, establishing training institutions to produce skilled manpower for port related operations would also be required, thus creating further job opportunities.
They, however, added that certain policy changes at national and state levels were required to facilitate speedy development of ports sector. At present, a number of parallel agencies at the centre and states exercised powers to regulate the port industry, and Assocham wants the government to set up a single body for the purpose.
Another major policy change that Assocham has recommended is the separation of port authority and port operations for realising the growth potential of the sector.
Shipping-Classified
The Indian shipping industry is broadly classified into shipbuilding & transportation. Deadweight tonnage (also known as deadweight) is a measure of how much mass or weight of cargo or burden a ship can safely carry. Deadweight tonnage is the sum of the weights or masses of cargo, fuel, fresh water, ballast water, provisions, passengers and crew. The major types of ships are Panamax, Supramax, Handymax, Ultra Large Crude Carrier, Very Large Crude Carrier, etc. Baltic Exchange Dry Index provides an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a time charter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. The ship classification is done based on Dead Weight Tons. Capesize 100,000+ DWT; Panamax 60,000-80,000 DWT; Supramax 45,000-59,000 DWT; Handysize 15,000-35,000 DWT. About 90% of world trade is carried by the international shipping industry. Shipping is regulated globally by the International Maritime Organization (IMO). The major ports in India are Chennai, Cochin, Ennore, Jawaharlal Nehru, Kolkata , Haldia, Kandla, Marmugao, Mumbai, New Mangalore, Paradip, Tuticorin & Visakhapatanam. hide
Video-Launching of Ship at ABG Shipyard Surat
Recommended Stock-ABG Shipyard
ABG Shipyard Ltd., the flagship company of ABG group was incorporated in the year 1985 as Magdalla Shipyard Pvt. Ltd. with the main objects of carrying Shipbuilding and Ship Repair business. In a span of 15 years from the year 1991, the company has achieved the status of the largest private sector shipbuilding yard in India with satisfied customer base all around the world. The registered office and the yard are situated at Surat in the state of Gujarat and the corporate office is in Mumbai.
Our Shipyard has state of the art, manufacturing facilities including a “Ship-lift Facility” with a lift capacity of 4500 tons, side transfer facilities, CNC plasma cutting machine, Bending rolls, Hydraulic press, Cold shearing machine, Frame bending machine and steel processing machinery. The Shipyard also has blasting shop and fabrication shop covered in 4 bays of 150 x 30 M each equipped with 20T EOT Cranes. The manufacturing process is in line with world-class standards and the Yard is certified by DNV for ISO 9001:2000.
During past decade, the Shipyard has constructed and delivered One Hundred four(104) Vessels including Specialized and Sophisticated vessels like Interceptor Boats, Self Loading and Discharging Bulk Cement Carriers, Floating Cranes, Articouple Tugs and Flotilla, Split Barges, Bulk Carriers, Newsprint Carriers, Offshore Supply Vessels, Dynamic Positioning Ships, Anchor Handling Tug Supply Vessels, Multi-purpose Support Vessel, Diving Support Vessels, etc. for leading companies in India and abroad.
ABG Shipyard has successfully delivered 2 Nos. Interceptor Boats (45 knots vessels) in Aluminium hull with Water Jet Propulsion to the Indian Coast Guard, 2 x 4000 DWT Cement Carriers for Cement Ambuja International, Mauritius, 4 x 50T Bollard Pull SRP Tugs for Wijsmuller, Holland (An A.P.Moller & Co.). The most recent deliveries have been 4 x 60.8M Anchor Handling Tugs / Supply Vessels & 1 x 42M Well Head Maintenance Vessel (Aluminium Hull) for Halul Offshore, Doha, Qatar, 1 x 50M Well Test / Supply Vessel and 1 x 56M Well Test / DPS-2 Vessel for Al Mansoori Production Services, Abu Dhabi, 3 x 47M – 80T Multipurpose Vessel for Lamnalco Group, Sharjah, 4 x Utility Vessel for Zamil Operation & Maintenance Company Ltd., 1 No. 60.8M Diving Support Vessel – DP1 Halul Offshore Co., Doha are ready for delivery and 1 No. 83.5M Dynamic Positioning – DP2 Type Vessel with Diesel Electric Propulsion for Consolidated Contractors Construction Co., UAE.
The Yard has recently been awarded an order for 2 Nos. 53M – 90T B. P. ASD Vessels from Lamnalco Group, UAE. We have also received Orders for 1 No. 90M Pipe Lay Barge, 5 Nos. 61M Anchor Handling Tug Supply Vessels and 1 No. 78M DPS-2 Diving Support Vessel from Maridive, Egypt, 3 Nos. 94M Pollution Control Vessels for Indian Coast Guard,
4 Nos. Articoupled Barges for Essar Shipping, 4 Nos. 63M Anchor Handling Tug Supply Vessels from Seatankers Management Co. Ltd., Norway and 1 No. 60.8M Offshore Supply / Supply Vessel from VROON B. V., Netherlands. ABG Shipyard Ltd is also proud of getting a prestigious order for 500 passenger vessel from the Administration of Andaman and Nicobar Administration, Port Blair, which is under construction presently.
The Yard has Multiple Building Berths, 2 Dry-docks, 125 m x 22.5 m X 5.6 m Fitted with Computerised Synchronous Shiplift Platform, of 4500 Tonnes Lifting Capacity and 155 m X 30 m x 7.5 m, Graving Drydock served by 80-T Goliath Crane span 50 m, height 35 m. and substantial cranage like NCK Rapier 150T Capacity, Tata P & H Make, 60-T Capacity, HM Make, 50-T Capacity, PPM 80T Capacity. The “Shiplift Facility” enables the yard to simultaneously build and repair many vessels and gives the yard a tremendous logistical advantage and flexibility.
The Shipyard has executed many prestigious Shipbuilding and Ship-repair contracts against stiff International Competition for both Export and Domestic Markets. All these vessels have performed very well, thus establishing its reputation for building and delivering vessels of the best quality at competitive prices and delivery periods. The Ship Repair Division has successfully repaired and refurbished Dredgers, Ethylene Carriers, Bulk Carriers, Offshore Supply Vessels and Coast Guard Vessels.
The path of progress from the Shipyard’s pioneering work to its leading position today has been achieved by the superior quality of its products and services, the high productivity of its operations and the innovative spirit and integrity of its people.
We are now setting-up a new shipyard with state of art manufacturing facilities including Two (2) Nos. 400 Mtrs. long Newbuilding dry-docks allowing us to build all kinds of vessels upto 120000 DWT.
- Largest Private Sector Shipbuilding Yard in India Certified by DNV for ISO 9001 - 2000
- Shipyard has received All India Trophy for Highest Exporters in Recognition of outstanding Contribution to Engineering Export from Govt. of India - Ministry of Commerce.
- Delivered 104 specialized and sophisticated vessels.
- 90% of the vessels built in last two years were exported.
- State of the art manufacturing facilities
- Competitiveness in the Global markets in terms of Price, Quality and Delivery.
- Order in hand over Rs. 12,500 crores.
Fundamental
- LTP-402
- FV-10
- BV-211
- EPS-45
- PE-8.9
- Industry PE-7.97
- Total Share -5,09,21,801 Nos.
- Promotors-Indian -57.09 %
- Non Promors -18.69 % [MF-UTI-0.29/BK-Inst-Insurance-5.97/FII-12.43]
- Others -16.03% [Pvt.Corp-5.01/NRI-Foreigner-9.16/Others-1.86]
- General Public -8.19%
- Operating Income -541-1807
- Sales -400-1331
- Operating Profit -140-476
- Reported Net Profit -83-228
- Net Operating Income per Share -Rs.354
- Free Reserve per Share -Rs.190
- Net Profit -12-16%
- Return on Net Worth -21%
- Owners Fund as % of Total Source-0.23-27%
PRICE HISTROY-RS.
30 DAYS
Month- OCTOBER-Open-242; High-490; Low-241; Close-453; -H-L=249
- NOVEMBER-Open-459; High-520; Low-393; LTP-402; -H-L=127
52 WEEK-Open-203; High-520; Low- 181; LTP-402 -H-L=339
YEARLY
- 2010-520-203
- 2009-276-62
- 2008-1132-81
- 2007-1045-348
Technical
Moving Average
20-DMA-451; 50-DMA-343; 200-DMA-277
Monthly Pivot
S4-(-)105; S3-50; S2-146; S1-300; Pivot-395; R1-550; R2-645; R3-800; R4-894
Video-Oil Spilage Problem in Sea
