Shipping
11 recent notes from companies in this sector. 9 companies tracked.
Essar Shipping borrows ₹10 cr from group firms after zero-revenue quarter
With no sales and a ₹36 cr loss last quarter, the loan is a stopgap, but at just 2% of market cap it's too small to fix the distress.
Garware Offshore lands ₹31 cr/yr charter for four years
The letter of award covers a vessel for four years plus a one-year extension, providing multi-year revenue visibility for the nano-cap company. Annual value is about 20% of market cap.
Great Eastern adds LR2 tanker, fleet up ~5%
The company bought a 2015-built LR2 tanker (~110,000 dwt) and will take a previously contracted MR tanker. Total capacity addition of ~160,000 dwt is routine but keeps fleet age in check.
Hariyana Ship Breakers fixes audit typo, gets clean opinion
Statutory auditor corrects a clerical error: the FY26 audit was unmodified all along. But the fine print still flags 90% asset concentration in real estate and unverified inventory.
ABS Marine's EBITDA jumped 179% on 75% revenue growth
The offshore vessel operator guided for a 10% revenue floor in FY27 and secured a five-year charter for its newest ship, Artemis.
Essar Shipping posts FY26 results amid ongoing financial distress
A routine annual filing for a nano-cap already deep in financial trouble, with no new information to change the outlook.
Auditors can't verify Hariyana Ship Breakers' inventory; 75% profit drop
Statutory auditors qualified the FY26 accounts after management failed to provide inventory verification reports, while a ₹13.19 cr provision for a stalled JV advance slashed profit.
Transworld sells sixth ship to Avana for $5.7M
The nano-cap is converting its fleet into cash, selling the sixth vessel to the same buyer since March.
Seamec hits record revenue of ₹1,000 cr but warns of stranded vessel
The company posted its highest-ever annual profit of ₹253 crore, yet the Seamec Paladin remains stuck in Dubai due to regional conflict.
Chowgule Steamships swings to a loss as revenue drops
The company reported a net loss of ₹14.00 lakhs for FY2025-26, reversing a profit of ₹128.56 lakhs in the prior year.
Sadhav Shipping's margin guidance contradicts itself
Management's FY27 outlook contains conflicting statements on margins, raising credibility questions.