Though many shipping companies delay or deny new purchases with the global shipping trade being uncertain, Essar Shipping has plans to take deliveries of all the 12 vessels on order by next year. “We have taken into our fleet four vessels this year, and two capesize vessels are expected in the next two months. The remaining six ships on order would join our fleet by the end of next year”, said . The company relies on its group companies such as Essar Energy to provide enough business. He also added: “Around 55 -60% of our vessels are tied with group companies like Essar Steel, while 45% are, and would be, for third party cargoes”.
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