With more than 200 offices worldwide, Barwil offers a broad range of services that vary from simple ship agency tasks to complex outsourcing activities.
West Asia Maritime Limited (WAM) was incorporated in 1993. The company has been promoted by Emirates Trading Agency (ETA) and Associated Construction & Investments (ASCON) based in Dubai. The ETA-ASCON group of companies has been promoted by the Al Ghurair Group of Dubai and Amana Investments of Hong Kong in 1973. The promoters have a stake of 49.50 per cent in the company.
The ETA-ASCON group is a diversified organisation engaged in the following business activities:
Engineering & construction
Trading
Shipping
Leisure
Manufacturing & assembling
Retailing & distribution (of casual apparel, jewellery and consumer electronic goods)
West Asia Maritime Limited owns three bulk carriers and has one bulk carrier on bareboat charter.
WAM has a subsidiary company viz. West Asia Maritime Overseas Private Limited at Singapore.
The company has established a ship management company called ETA Ship Management Company Limited (ETA SML), which manages ships of WAM.
It has also promoted ETA Ports and EC Tops which among themselves own a floating crane and two 9,500 DWT self discharging barges.
The turnover of WAM for the FY1999-2000 was Rs. 640.88 million.
Future plan
The company would be acquiring a gearless Panamax vessel for conversion into a craned hopper self-unloader for 10-year contract to Tamilnadu Electricity Board/ Poompuhar Shipping Corporation Limited.