Essar Shipping set to double cargo tonnage to 30 MT by 2020
Essar Shipping Ltd (ESL), which had handled 13.06 MT cargo in the previous financial year and registered 28 per cent growth in total cargo tonnage in the third quarter of 2017-18, is all set to double cargo tonnage to 30 million tonne (MT) by 2019-20, said a company official.
The company is weighing up plans to expand and diversify the fleet by acquiring a panamax size bulk carrier. Image source: Reuters