TATA NYK Shipping Pte Ltd a 50 50 joint venture between TATA Steel and Japan's NYK Line has expanded its fleet size from one ship in 2007 to 2011. Only one of these vessels is owned by the company while the others have been acquired on charter.
The reports said that the vessels are of different types such as Supramax 45,000 DWT to 60,000 DWT, Panamax 65,000 DWT to 80,000 DWT and Capesize 150,000 DWT and above adding diversity in terms of cargo carrying capacity.
The company which is primarily engaged in transportation of dry bulk and break bulk cargoes including coal, iron ore, bauxite and steel products mainly for the TATA Group posted 52 % growth in cargo throughput in 2009 to 2010 to 6.79 million tonnes up from 4.48 million tonnes in 2008 to 2009.
Consequently the revenue earning was up 40 % to INR 352 crore. According to TATA Steel's annual report for 2009 to 2010 however the company suffered a net loss of INR 3 crore during the year under review as compared to a net profit of INR 1 crore in 2008 to 2009.
The reports said that the vessels are of different types such as Supramax 45,000 DWT to 60,000 DWT, Panamax 65,000 DWT to 80,000 DWT and Capesize 150,000 DWT and above adding diversity in terms of cargo carrying capacity.
The company which is primarily engaged in transportation of dry bulk and break bulk cargoes including coal, iron ore, bauxite and steel products mainly for the TATA Group posted 52 % growth in cargo throughput in 2009 to 2010 to 6.79 million tonnes up from 4.48 million tonnes in 2008 to 2009.
Consequently the revenue earning was up 40 % to INR 352 crore. According to TATA Steel's annual report for 2009 to 2010 however the company suffered a net loss of INR 3 crore during the year under review as compared to a net profit of INR 1 crore in 2008 to 2009.