Sanmar Shipping And Its Contribution To Sustainable Development

By Author: Balaji S
Total Articles: 16
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Sanmar Shipping Limited (SSL) commenced operations in September 1994 and acquired its first ship, a bulk carrier in 1995. The company subsequently diversified into the clean petroleum product tankers segment. It has since restructured its portfolio and consolidated its position as a strong player in clean petroleum products and dry bulk cargo. The company operates a fleet of six ships today, comprising four tankers and two bulk carriers.
The Sanmar fleet operates with reasonable ease meeting the toughest challenges in freight competitiveness, Oil majors & Rightship vetting standards, and marine pollution prevention and emission benchmarks of Europe and the United States. Most of the fleet plies in international waters and the ships are subject to constant safety and environmental inspection regimes around the world's ports. The fleet has not faced a single reprimand or detention in recent memory.
The “how” evolves from intense management focus on ship operations and maintenance. Our international business associations keep Sanmar Shipping Limited (SSL) up-to date on best industry practices and technological ...
... innovations. Our corporate ethos of environmental conservation provided the base for SSL’s major and recent initiative in sensible ship recycling.
In mid 2008, SSL undertook a ship conversion project that showcased integration of business sense with environmental conservation. The project was successfully executed in 2009. Conventional wisdom demands that the world’s shipping fleets be renewed so that “old” tonnage does not pose a threat of hull failures and shipwrecks. Such a demand for fleet renewal does not consider the enormous marine waste that generates in ship scrap yards, not to mention the energy resources expended in building brand new ships.
Sanmar’s conversion project involved the renewal of the fore body of a 23-year-old tanker, while retaining its machinery and aft hull sections and created an aptly renamed dry bulk carrier “Sanmar Phoenix”. It was a swift 5 month re-build that addressed the environmental call for new, safe, strong hull without wasting the useful sections and parts of the old ship. The business driver for this project came from high freight earnings in the dry bulk sector, at that point in time, compared with the oil sector. But this concept of “recycled ship” has triggered a new debate on determination of age and tradeable life of ships in business and regulatory circles in India. The last word hasn’t been said yet, but Sanmar is proud to have sparked the debate.

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