Expecting momentum in global seaborne dry bulk trade, Apeejay Shipping has just bought ships hauling coal, iron ore and grains. It is also looking to foray into tanker, dredging or the OSV segment as business propositions in these segments improves.
The Apeejay Surrendra group company presently operates only in the dry bulk cargo segment. Unlisted and held by the group's investment arms, Apeejay Shipping is the significant contributor to the cash flows presently.
The company officials said the business could contribute as much as 40 per cent to the group's total turnover of Rs 1,800 crore. The group's total networth is currently over Rs 6,000 crore.