Initially, the ever-increasing need to charter a wide range of vessels for our group companies led to the founding of Goodearth Maritime Limited.  With an initial investment in a dry bulk carrier, more followed…a second vessel being of the 33,000 DWT class. As our business and opportunities kept expanding the company embarked into the maritime business of owning ships that cater to not just the group’s businesses but also to the requirements of other companies across the world as a full-fledged business activity.

Today, Goodearth owns and operates a fleet of six ships, professionally managed and supported by well-trained and skilled staff. The company places highest premium on timely movement and safe delivery of cargo to any port across the world.

With a view to expanding its capabilities and to capitalize on the boom in the global freight market, the company has entered an allied maritime activity, namely building new vessels. Goodearth has entered into a 15 year ship-building agreement with India’s premiere ship building company, Hindusthan Shipyard Limited at Vizag, India. In the first phase the company has ordered a series of four 30,000 DWT and six 53,000 DWT vessels. The total capital outlay is estimated to be at Rs. 1200 Crores (USD 266 Millions) with the first batch of ships scheduled to be delivered by the end of year 2006.

Goodearth is also the first Indian company to boast of a inhouse design team which caters to the requirements of the company and also for consulting.