Independent journal on economy and transport policy
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Indiana Essar puts into effect the scorporo of the marine-harbour division
The societies Essar Ports Ltd will be constituted. and Essar Shipping Ltd.
May 10, 2011
The iron and steel, energetic, marine group and logistic Essar Indian has announced that the procedure for the scorporo is completed of own division Essar Shipping Ports & Logistics Ltd. (ESPLL), that will become effective next 19 May (12 August 2010).
After scorporo the ESPLL it will be subdivided in two society: Essar Ports Ltd., in which it will meet ESPLL and that it will manage the harbour activities of the group, and Essar Shipping Ltd., that the activities of the group in the fields of the marine transport, the offshore activities and the logistics will operate.
The operation previews that for every three set in action of ESPLL the shareholders receive two set in action of Essar Ports and an action of Essar Shipping.
Essar Ports is the second private harbour society of India with an ability to annual traffic pairs to 88 million tons, of which 58 million tons in the port of Vadinar and 30 million tons in that of Hazira. The objective of the society is to reach an ability to traffic of 158 million tons in 2013. Essar Shipping has a fleet of 26 ships and orders for others 12 ships that will be taken in delivery in the arc of next the 24 months.
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