Thediversified Indian owner reports a second quarter net profit of INR 539m ($9.7m)a 186% increase on the INR 188m recorded through the first quarter.
EssarShipping operates a fleet of 25 vessels, including bulk carriers up to capesizeand tankers up to VLCCs with a substantial number of vessels on long term charteror contracts of affreightment.
“Thecompany has maintained performance despite challenging market conditions.
