Shipping Companies in India: India’s economy greatly benefits from its vibrant shipping industry, which is essential for transportation and trade. Shipping companies play a crucial role in facilitating international commerce, maintaining economic stability, and ensuring a steady flow of goods across borders. This network supports the transportation of diverse cargo, including automobiles, petroleum products, organic compounds, coffee, iron, and steel. Major Indian exports in shipping services include routes to the US, China, Australia, the UK, the Middle East, and Japan. Among these, the United States stands out as a significant partner, contributing to revenue growth and fostering strong trade relations. Let’s explore India’s leading shipping companies, which have been instrumental in shaping the maritime landscape.

India’s strategic coastline and its position as a global logistics hub make it a central player in international shipping. The country’s shipping firms, ranging from large container lines to specialized fleet operators, drive seamless communication and foster global commercial connections. If you’re involved in importing, exporting, or are simply interested in the shipping industry, join us as we delve into the top ten shipping companies in India.

Top 10 Shipping Companies in India

1. Maersk Line India

Founded on March 3, 2011, Maersk Line India Private Limited operates as a significant player in the Indian maritime sector. Registered at Mumbai’s Registrar of Companies, this foreign subsidiary of the Maersk Line boasts an authorized share capital of Rs. 10,000,000 and a paid-up capital of Rs. 9,100,000. The company focuses on travel agencies and supporting transit activities.

As a subsidiary of Maersk Line, Maersk Line India enhances international trade and logistics with its extensive network and comprehensive services. The company connects Indian ports with key global destinations through reliable and efficient container shipping. Its dedication to innovation, sustainability, and customer-centric solutions positions it as a vital player in the Indian maritime industry. The leadership team includes directors Mamta Gupta and Vikash Agarwal, who guide the company’s operations and growth.

2. Mediterranean Shipping Company (MSC)

Mediterranean Shipping Company (MSC) is a dominant force in the Indian market and one of the largest container transport businesses globally. Founded by Gianluigi Aponte in 1970, MSC is headquartered in Geneva, Switzerland. With over 150,000 employees across 675 locations in 155 countries, MSC delivers worldwide service with local expertise through a robust road, rail, and maritime transport network.

In India, MSC offers container shipping, logistics, and intermodal services, connecting major Indian ports with international trade corridors. The company’s extensive fleet makes it a reliable shipping partner for businesses of all sizes and industries.

3. Essar Shipping

Established in 1945, Essar Shipping is one of India’s most trusted and prominent shipping firms. Headquartered in Mumbai, Essar Shipping Ltd provides global logistics services, including ocean transport, oilfield services, and supply chain management.

Over the past 40 years, Essar Shipping has managed a substantial fleet, making it one of India’s largest private sector shipping companies. The company actively engages in spot markets, COAs, and long-term contracts. Essar Shipping is known for its commitment to environmental sustainability, including paperless navigation, scrubber installation, and compliance with International Maritime Organization (IMO) standards. It is the only Indian shipping company certified by the American Bureau of Shipping for operating bulk ships and tankers under ISO 9001:2008, ISO 14001:2004, and OHSAS 18001:2007.

4. The Great Eastern Shipping Co. Ltd (GE Shipping)

Since its inception in 1948, The Great Eastern Shipping Co. Ltd (GE Shipping) has been a leading player in India’s shipping industry. With its headquarters in Mumbai, GE Shipping has built a formidable presence in both shipping and offshore services.

GE Shipping’s fleet includes product tankers, crude oil tankers, dry bulk carriers, gas carriers, and offshore vessels. The company’s extensive network links Indian ports to global shipping routes, making it a significant player in transporting energy commodities like crude oil, natural gas, and refined petroleum products. GE Shipping’s commitment to quality, safety, and environmental sustainability has earned it recognition and certification in the industry.

5. Shipping Corporation of India (SCI)

Founded in 1961 through the merger of Western Shipping Corporation and Eastern Shipping Corporation, the Shipping Corporation of India (SCI) is the country’s largest and most esteemed marine corporation. Based in Mumbai, SCI operates a diverse fleet, including passenger liners, cargo ships, and oil rigs.

As a government-owned entity, SCI plays a crucial role in India’s maritime sector by offering essential services, promoting trade, and contributing to GDP growth. Its extensive experience, expertise, and global network make SCI a key player in marine commerce and logistics.

6. Cochin Shipyard Ltd (CSL)

Cochin Shipyard Ltd (CSL) stands as India’s largest ship repair and construction yard. Located in Kochi, Kerala, CSL specializes in building and repairing tankers, bulk carriers, platform supply vessels, patrol boats, and dive support vessels. Since its establishment in 1972, CSL has been a cornerstone of India’s shipbuilding and maintenance industry, supporting naval defense and commercial shipping.

CSL is known for its customer-focused approach, timely project completion, and high-quality service. The company’s innovation and dedication have made it a key player in India’s shipbuilding and repair sector.

7. Mercator Limited

Founded in 1933 and headquartered in Mumbai, Mercator Limited is an Indian conglomerate involved in oil and gas exploration, infrastructure development, and maritime services. Its fleet of 30 ships includes dry bulk carriers, crude oil tankers, and product tankers.

In the fiscal year 2020–2021, Mercator reported revenues of INR 3,819 crores ($517 million) and a net worth of INR 4,938 crores ($669 million). The company has been profitable, providing dividends to investors. Mercator’s investments in new ships and equipment contribute to India’s growing port infrastructure and shipbuilding industry.

8. Bharati Shipyard Limited

Founded in 1963 and based in Mumbai, Bharati Shipyard Limited (BSL) is a leading Indian shipbuilder. The company focuses on shipbuilding and repair, with a shipyard in Mumbai that constructs and maintains offshore support vessels, tugs, and barges.

BSL earned INR 1,874 crores ($256 million) in 2020-2021, with revenues of INR 1,265 crores ($173 million). The company has invested significantly in new shipbuilding and repair facilities, meeting increasing demand in India and abroad. BSL also invests in technology and equipment research and development.

9. ABG Shipyard Limited

ABG Shipyard Limited (ABG) is a prominent Indian shipbuilder and repairer, established in 1985 with its headquarters in Surat, Gujarat. The company specializes in constructing and maintaining offshore support vessels, tugs, and barges.

In the fiscal year 2020-2021, ABG reported revenues of INR 1,527 crores ($208 million). The company has been profitable, providing dividends to investors. ABG continues to expand its shipbuilding and repair capacities, investing in technology and equipment to meet growing demand.

10. Hindustan Shipyard Limited (HSL)

Operating since 1940, Hindustan Shipyard Limited (HSL) is based in Visakhapatnam, Andhra Pradesh. HSL builds and maintains ships, providing shipping and offshore equipment and services. The company’s Visakhapatnam shipyard focuses on constructing and repairing offshore support boats, tugs, barges, and other vessels.

Conclusion

The top ten shipping companies in India exemplify reliability, innovation, and global connectivity in the maritime sector. From the influential Maersk Line India to the strategic solutions offered by the Shipping Corporation of India, these firms play vital roles in advancing India’s shipping and logistics industry. Their cutting-edge fleets, dedication to customer satisfaction, and commitment to sustainability are driving India’s economic success through international trade. As the country continues to evolve, these leading shipping companies will remain integral to maintaining smooth freight operations and strengthening global business connections.