India Steamship (A division of Chambal Fertilisers & Chemicals Ltd)
India Steamship (ISS), erstwhile India Steamship Company Limited, was incorporated in 1928 and presumably the oldest shipping company in the country and has substantive past.
It is a part of the K. K. Birla Group of Companies.
In 2002, ISS underwent a management change and re-focused its objectives, concentrating on the core competency area of oil tankers, having regard, especially, to the unsatisfied demand of crude oil in India and the complementing opportunities afforded, to well/rated maintained ships, trading worldwide, in transportation of crude oil.
In order to remain focused on the expansion of the core competency areas of transporting oil products and operating general purpose bulk carriers and to capture on the value-based sea-bearing freight, the company was amalgamated with Chambal Fertilisers and Chemicals Limited (CFCL), a group company in the year 2004. The company is listed in the Stock Exchange of Mumbai (BSE).
Our fleet consists of Oil Tankers only. This division offer its Ship to employ them on behalf of the company for carrying cargo from one destination to another.
ISS maintains and operates their ships as per the standard maintained by the National and International Shipping Industry. Technical operations involve survey (inspection) and certification of ships as per National and International requirements. Our ships are maintained with competent, certified” Licensed Officers and Crew.
Quality and Safety is strictly followed and implemented at ISS. The company does not only maintain safety of just its crew and cargo but also protects the environment and for this maintenance and up-gradation of ships are done at regular intervals.
Post merger, the Shipping division of the company inducted a prompt Aframax tanker (MT Ratna Puja)- Jan 2006, built with 104583 dwt in June 2006. Furthermore, the shipping division of the company also entered into new building contracts with M/s Hyundai, South Korea for delivery of four Aframax tankers with 105000 dwt each. The tankers are expected to be delivered in 2008-09 and 2010-11. The total investment size of the division is about USD 275 Million so far.
The Division is headed by an Executive President who reports to the Board of Directors of Chambal Fertilisers & Chemicals Ltd. There are five departments, namely, Technical Department, Commercial Department, Personnel & Administration Department, Operation, Quality and Safety Department and Finance & Accounts Department each headed by a Departmental Head. Additionally, there is a Senior Vice President, who looks after the new building and purchase/ sale of ships.
Over the course of next 3-5 years the Shipping Division’s expansion plan aims at acquiring ships to enhance the dwt at a fair price.
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