Sadhav Shipping Ltd IPO

About Sadhav Shipping Ltd

Sadhav Shipping Limited (SSL) - Mumbai based company incorporated in year 1996 with an objective to own and operate marine assets to service ports, coastal logistics and other port maritime related services. Today Sadhav owns and operates more than 20 vessels in various sectors of the maritime trade in India.

In FY22, major ports in India handled 720.29 million tonnes of cargo traffic as compared to 671.82 million tonnes cargo handled during April-March 2020-21. From April 2022 to January 2023, all key ports in India handled a total of 646.10 million tonnes (MT) of cargo traffic. India's key ports had a capacity of 1,598 million tonnes per annum (MTPA) in FY22. From April-October 2022, all key ports in India handled 446.01 million tonnes (MT) of cargo traffic as compared to 406.73 million tonnes cargo traffic handled during April-October, 2021-22. In FY22, all key ports in India handled 720.29 million tonnes (MT) of cargo traffic. India's merchandise exports in FY22 were at US$ 417.81 billion, up 43.18% from US$ 291.81 billion in the previous year.

Sadhav Shipping Limited (SSL)- Mumbai based company incorporated in year 1996 with an objective to own and operate marine assets to service ports, costal logistics and other port maritime related services. Today SSL owns and operates 24 vessels that includes 19 owned vessels and 5 rented vessels, in various sectors of maritime trade in India. With modern Dynamic Positioning offshore fleet and dedicated onboard and shore crew SSL is committed to provide best in class services to its clients. Sadhav Shipping Limited was the first to setup and operate India's first Port based Tier 1 Oil Spill Resource Centre in Mumbai and are now operating in most of the Major Ports in India. The services offered by the company is Offshore Logistics, Port Services and Oil Spill Response. Sadhav Shipping Ltd., supports the exploration & production of Oil & Gas in offshore fields. Our 4 DP Anchor Handling Tugs cum Supply Vessels (AHTSV's) carry out the following duties: - Towing of Offshore assets - Supply of Drilling materials including casing pipes, cement, baryte, drill water, brine etc. - Participation in Search & Rescue Duties - Transportation of men & material to offshore locations - Other duties as guided by the charterer and within the scope of work.