Testimonials

Gulf Petrochem


Himadri S. Roy
Financial Controller

“ Gulf Petrochem FZC, UAE, had commissioned i-maritime Consultants Pvt. Ltd., Navi Mumbai, to carry out the Market Feasibility and Techno-Economic Validation studies for our upcoming 320,000 MT “Bulk Liquid Storage & Handling Terminal” at Pipavav Port, Gujarat. In this connection, we are happy to place on record our sincere appreciation to them for a job well done... ”

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Press releases
  • India Shipbuilding Report launched

    Mumbai, 1 October 2006

    Distilling the years of experience and sound understanding of the maritime sector, i-maritime Research Division has brought to the maritime community an indispensable knowledge booklet in the form of report titled "India Shipbuilding Report 2006".

    India Shipbuilding Report 2006 consists of all information that could be required for the first time investor in Indian Shipbuilding industry or to the veteran from the India's Shipbuilding industry. It presents the shipbuilding industry in India from its infancy days, to sunny days of today. It also presents the bright future of the shipbuilding industry in India. Apart from deep analysis on the Indian Shipbuilding Industry by industry experts, i-maritime in house consultants and big-wigs of Shipbuilding in India report gives hordes of data for anybody interested to play himself with number and trying to come up with individual forecast.

    India Shipbuilding Report 2006 consist upto date information about current shipbuilding scenario in India, it analyses and compares the shipbuilding industry and benchmarks the entire industry with the leading nation in shipbuilding. It also suggests and recommends the corrective action required and the way ahead for the Indian Shipbuilding, not only for domestic companies but for international companies and new investors in the sector as well.

    This report is in continuation of the tradition from i-maritime to bring more awareness to the sector. Earlier also i-maritime has came up with different report generating awareness and help in building a maritime community more knowledgeable. Few of the titles earlier published by i-maritime Research were India shipping Report (2000), India Port Report (2002), & Maritime Investment Report (2006).

    For further information about the report and its content kindly find the attachment detailing the same.

    In case you have any queries regarding the report kindly contact Mr. Anand Vardhan Sharma (shipyard@imaritime.com).

    Would like to purchase a copy of the report (single user, company copy) kindly contact us at

    i-maritime Consultancy Private Limited
    206 Hermes Atrium, Sector 11, CBD Belapur
    Navi Mumbai-400 614
    Tel: +91-22-2757 9611 / 7834
    Telefax: +91-22-27579612
    website: www.imaritime.com

  • "Private Equity in Maritime Logistics Sector" workshop held on 4th October 2006

    Work-Shop on Private Equity in Maritime Logistics Sector

    Mumbai, 4th October 2006,

    i-maritime Consultancy largest Indian maritime consultancy firm organized an interactive forum, wherein representatives from the maritime sector and the financial sector gathered at Hotel Oberoi today. The half-day session was highly engaging covering shipping, ports, shipyards, logistics and the offshore segments of the industry. From the financiers' deck, global Private Equity Players like Blackstone, NV Advisors and Indian players like ICICI Ventures, Kotak Mahindra Bank attended the workshop. The other financiers included SBI Capital Markets, State Bank of India. From the regulatory side, we had representatives from the Directorate General of Shipping and TAMP.

    The discussion started in the shipping sector, with INSA mentioning the amount of investment required in the shipping sector. The opinion was that though the Indian shipping industry had opened up in 2000, we have not seen any foreign player investing in the Indian shipping industry. The factors that incentivise a foreign shipping company to flag out in India would essentially be cargo and the tax regime. India, at present is offering a lot of cargo, but the tax regime is unfortunately not so investor conducive. The Private Equity players generally shy away from shipping owing to the cyclicality of the business as they invest in partnerships which have a good track record and assure stable returns. Moreover, shipping business has so far had an entrepreneurial approach of operating and managing the business. Besides, a PE investor essentially buys in at the bottom of the cycle and not when the entity is in the growing stage, which is why they prefer the logistics and the other related infrastructure such as ICDs and CFSs to investing in shipping. Basically, a PE investor is more comfortable entering a deal when it clearly visible that the investment can be recovered. This may be substantiated by the long-term contracts or structured deals that the entity has entered into. It was brought out that India could repeat the KG model success story that she tried in windmill energy in the shipping sector also.

    On the port front, which was the main focus of today's discussion, it was clearly spelt out by the financiers that the there was lack of serious and viable Business Plans from the operators' side. Besides, investing in a Greenfield port project does not fancy a PE investor as the gestation period would be around 3-5 years and the returns are dependent on the cargo traffic, which in turn depends on the port connectivity. To which an argument was brought out that one should go ahead with a Greenfield port, only if there is an assured cargo of around 30%-40% of the port capacity. On the regulatory front there was a call for a uniform policy (example of concession agreements was given, wherein different states have different agreements and even within the same state, they were different for different ports) at the state and the centre level for the ports as the major ports come under the center's jurisdiction and the other minor ports come under the state control.

    With respect to logistics sector, the need was to have an integrated look at the entire value chain from supplier to end-consumer which can lead to higher efficiency of managing resources. Partnerships will be the order of the day, involving connectivity, ports, shipping, ICDs and CFSs. During the course of the session, safety of the marine environment and manpower training were also touched upon.

    This short session enabled the attendees to briefly address the issues that were acting as deterrents for the private equity players in the maritime sector. From the investors' side, the players have asked for better structured and a viable Business Plan which would give them the confidence of investing in the projects. The session ended on a positive note that the PE investors were definitely interested in investing in the Indian maritime sector, but prefer with ICDs and CFSs and container terminal in an operating port, even though Greenfield ports present a substantial big upside on investments.