January 24, 2017 5:43 PM ET

Marine

Company Overview of Varun Shipping Co. Ltd.

Company Overview

Varun Shipping Company Limited, a shipping company, owns and operates vessels in the hydrocarbon sector. The company offers energy transportation, and offshore exploration and production support services. It deploys liquefied petroleum gas (LPG) carriers on a mix of time charters and spot charters with charterers. The company is also involved in the seaborne transportation of liquid cargo through owning and chartering crude oil tankers on time charter, voyage charter, and pool arrangement; and provision of anchor handling towing and supply (AHTS) vessels to oil and gas companies operating offshore for their exploration, production, and development of oil and natural gas. It owns and operates...

Laxmi Building

6, Shoorji Vallabhdas Marg

Ballard Estate

Mumbai,  400001

India

Founded in 1971

Phone:

91 22 6635 0100

Fax:

91 22 6635 0274

Key Executives for Varun Shipping Co. Ltd.

Chairman and Managing Director
Age: 47
Vice President of Corporate Affairs, Secretarial & Legal
Vice President of Business Development - Singapore Branch Office and Director of VSC International Pte Ltd
Compensation as of Fiscal Year 2016.

Varun Shipping Co. Ltd. Key Developments

Varun Shipping Co. Ltd. Reports Unaudited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

Varun Shipping Co. Ltd. reported unaudited standalone earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, loss from operation before other income, finance cost and exceptional item was INR 451.765 million against INR 738.945 million a year ago. Loss from ordinary activities before tax was INR 795.044 million against INR 1,191.840 million a year ago. Net loss was INR 795.044 million or INR 5.30 per basic and diluted share against INR 1,200.427 million or INR 8.00 per basic and diluted share a year ago. Total income was INR 293.156 million against INR 251.835 million a year ago. For the full year, loss from operation before other income, finance cost and exceptional item was INR 2,678.010 million against INR 3,589.671 million a year ago. Loss from ordinary activities before tax was INR 4,484.451 million against INR 4,890.772 million a year ago. Net loss was INR 4,484.451 million or INR 17.38 per basic and diluted share against INR 4,899.359 million or INR 32.66 per basic and diluted share a year ago. Total income was INR 596.492 million against INR 1,753.234 million a year ago.

Varun Shipping Co. Ltd., Board Meeting, Jul 06, 2015

Varun Shipping Co. Ltd., Board Meeting, Jul 06, 2015. Agenda: To consider unaudited standalone earnings results for the fourth quarter and full year ended March 31, 2015.

Varun Shipping Co. Ltd. Presents at Marine Money International 11th Annual Gulf Ship Finance Forum, Mar-04-2015 02:20 PM

Varun Shipping Co. Ltd. Presents at Marine Money International 11th Annual Gulf Ship Finance Forum, Mar-04-2015 02:20 PM. Venue: Jumetrah Emirates Towers, Dubai, United Arab Emirates. Speakers: Yudhishthir D. Khatau, Chairman and Managing Director.

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