Leading Indian logistics company Allcargo plans to move into mainstream shipping initially through vessel chartering but also intends to be a shipowner.

Allcargo chairman and managing director, Shashi Kiran Shetty.
The Bombay stock exchange quoted company has an extensive international freight forwarding, project cargo and transport equipment hire company but aims to become more vertically integrated.

Founded by Shashi Kiran Shetty in 1993 Allcargo now has the Blackstone investment group as a major backer with a stake of more than 14% and board representation.