Essar Shipping Limited is an integrated logistics services provider engaged into the businesses of sea transportation, logistics services and oilfields services. The Company's geographical segments include India, China, Switzerland, Singapore, Cyprus, UAE, South Korea, Bermuda, Marshall Island and Rest of the world. It has also directly and/or, through its subsidiaries, invested in diverse business verticals, such as Fleet operating and chartering (tankers and dry bulkers), oilfields services (land rigs and semi- submersible rig) and logistics services (trucks, trailers and tippers). The Company provides sea transportation, logistics services and oilfields services to Essar Steel India Limited (ESIL) and Essar Oil Limited (EOL), which are engaged into manufacturing activities, and require services of the Company for transportation of raw materials and finished goods. The fleet of the Company includes vessels owned by the Company, as well as those taken on finance or operating lease.