With the Indian economy booming and the associated need for oil security, Chambal Fertilisers and Chemicals Limited decided to enter the energy transportation sector through the acquisition of the India Steamship Company (ISS) Ltd., one of the oldest shipping companies in the country incorporated in 1928. ISS was merged with Chambal Fertilisers and Chemicals in September 2004.

Today, India Steamship has a fleet capacity is over 6,00,000 DWT in the form of six Aframax tankers - ‘Ratna Urvi’, ‘Ratna Puja’, ‘Ratna Shruti’, ‘Ratna Shradha’, ‘Ratna Namrata’ and ‘Ratna Shalini’. Three of the six Aframax Tankers of about 1,00,000 DWT each joined the fleet between April and July 2008. The latest addition is ‘Ratna Shalini’ which joined the fleet in the first quarter of 2010.

With the strong financials and market standing of Chambal behind it, India Steamship is poised to grow. Tonnage is also being added by charting activities through a subsidiary in Singapore with the aim of achieving critical mass in terms of capacity. Double-hull vessels are being sourced, in line with international shipping standards. Simultaneously its corporate strategy is being re-aligned to make it more agile and customer focused in today’s competitive global environment.

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