What we do Chowgule Steamships Ltd operates a fleet of vessels for bulk cargo transportation, specializing in owning, chartering ships, and providing related shipping services globally. |
Founded in 1,963 |
Market share Pioneer in Indian shipping with a fleet of 4 vessels, known for first Indian bulk carrier and phosphoric acid carrier innovations. |
Problem solved Provides reliable, efficient maritime transport of bulk goods, supporting trade and infrastructure development across Indian and international waters. |
Top clients or who we serve Serves global bulk cargo clients in B2B shipping and logistics sector; international and coastal bulk trade customers. |
Key management - |
Our journey and innovations Founded in 1963, built India's first bulk carrier, expanded fleet with Panamax and mini bulk carriers, pioneered Indian coastal trade development. |
Where we operate Primarily Indian coastal waters and international cross trades; operates key coastal ports in Gujarat and Maharashtra. |
Top products or what we offer Fleet chartering, ship manning, bareboat charters, and shipping services focused on bulk cargo transportation and logistics. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenues largely tied to shipping charter contracts subject to freight market cycles and leasing agreements. |
Our industry position Established market player with a legacy of innovation and fleet modernization; competes in international bulk shipping markets. |
Financial highlights FY 2024-25 profit before tax INR 201.24 lakhs; net profit INR 128.56 lakhs; reduced from previous year due to lower lease income. |
Geographical revenue split Revenue mainly from operations outside India, totaling about INR 32.56 crores as per latest segment data. |
Order book - |
Whats driving growth Fleet modernization, expansion into coastal trade, leveraging infrastructure development and international trade growth opportunities. |
Our future plans Exploring vessel and tugboat acquisition to expand fleet; continuous evaluation of shipping market for optimal asset deployment. |
Our green promise - |
Our people and values Strong emphasis on experienced maritime staff and maintaining harmonious industrial relations; culture of safety and governance. |
Key challenges ahead Freight rate volatility, liquidity constraints, regulatory compliance, and competition impacting profitability and fleet utilization. |
Interesting facts Built India's first Indian bulk carrier and pioneered phosphoric acid transport by converting dry bulk vessel. |
Risks and strategy Mitigates freight and forex risks via diversified charter contracts; maintains strong internal controls and adherence to regulations. |
