The Sanmar Shipping Limited (SSL), promoted by Sanmar Group, was initially incorporated in 1994 as a shipping division of Chemplast Sanmar Limited and was later hived off into a separate company in 1998. The promoters have a stake of 99 per cent in the company. The Sanmar Group is engaged in the following business:
PVC/chlorochemicals
Speciality chemicals
Engineering
The company operates 5 bulk carriers and 3 product carriers, of which 1 product carrier and 1 bulk carrier are on bare boat demise cum charter, while the others are owned by the company.
The turnover of Sanmar Shipping Limited for FY1999-2000 was Rs. 1098.0 million.
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Chelsea, Massachusetts, United StatesUpdated Mar 2003
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