The Sanmar Shipping Limited (SSL), promoted by Sanmar Group, was initially incorporated in 1994 as a shipping division of Chemplast Sanmar Limited and was later hived off into a separate company in 1998. The promoters have a stake of 99 per cent in the company. The Sanmar Group is engaged in the following business:
PVC/chlorochemicals
Speciality chemicals
Engineering
The company operates 5 bulk carriers and 3 product carriers, of which 1 product carrier and 1 bulk carrier are on bare boat demise cum charter, while the others are owned by the company.
The turnover of Sanmar Shipping Limited for FY1999-2000 was Rs. 1098.0 million.
Sanoyas Mizushima Shipyard is located in Kojima on the Honshu side of Seto Ohashi Bridge. It has a 291,000 square meter site and one dry dock (650m long, including 280 m long repair dock).
Mizushima Works deals with newbuilding, ship repair, large scale steel structures and other related products.
Sanoyas has developed computerised equipment and production lines. This technology enables construction of all kinds of super efficient, rational ships.