Shahi Shipping Limited

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About

The Shahi Shipping Limited was incorporated in 1985 as a partnership firm promoted by Sarvesh Kumar Shahi and F. M. Koli. In 1990, the company was converted into a private limited company under the name "Shahi Shipping & Transport Private Limited". Later in 1993, it was made a Public Limited Company and its name changed to the present one. The present promoter of the company Sarvesh Kumar Shahi has a stake of 27 per cent in the company. The company is engaged in the following business activities namely: Supply operations Lighterage operations Container feeder services The company supplies fuel and potable drinking water to vessels anchored in Bombay harbor. Its lighterage operations involve handling of bulk chemicals at Bombay harbor and iron ore at Revedanda, South of Bombay. The company has also started container feeder services between Mumbai port and Jawaharlal Nehru port. The company owns a fleet of 27 vessels with a total deadweight tonnage of around 30,000 tonnes. The turnover of Shahi Shipping for FY1999-2000 was around Rs. 208 million. Future plan The future plans of Shahi Shipping Limited are: To set up shipbreaking unit for demolition of large vessels. To set up shipyard to build ships upto 10,000 DWT. The company has already acquired land for the shipyard at South of Mumbai. To develop minor ports on the East and West coast of India. The company is one of the short listed ones for building and operating Dighee port on the West Coast of Maharashtra. To purchase 10,000 containers over four year time period for using in the trading routes between India and Middle East, Far East and European continents.