Essar spins off shipping business from ports

Essar Shipping, Ports and Logistics is headed towards a new horizon. The company is undergoing major restructuring where it will be split into two, Rajiv Agarwal, CEO & MD, Essar Shipping, announced today. The current company, ESPLL, will become Essar Ports Ltd, and the Shipping, Logistics and Oilfield businesses will be spun off into a separate company called Essar Shipping Ltd.