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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 w.e.f September 2004
Today, India Steamship has a fleet capacity of over 600,000 DWT in the form of six Aframax tankers - ‘Ratna Urvi’, ‘Ratna Puja’, ‘Ratna Shruti’, ‘Ratna Shradha’, ‘Ratna Namrata’ and ‘Ratna Shalini’. Three new Aframax Tankers of about 105,000 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.
Chambal’s robust financial strength and market standing has added muscle to India Steamship. To enhance its competitiveness, India steamship is acquiring critical mass by adding tonnage by way of charting activities through a subsidiary in Singapore. What’s more, 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.
India Steamship
6th Floor
44, Park Street,
Kolkata
West Bengal - 700 016,
India
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