Top 10 Highly Paid Shipping Companies in India for Aspiring Merchant Navy Professionals

  •  Content Writer : Prabhjot Kaur
  • 12-10-2023

As an aspiring member of the esteemed Merchant Navy, you are beginning a journey that offers both the open sea's charm and the potential for a fulfilling, well-paying career in highly paid companies. To set the stage for your future in the maritime world, it is crucial to grasp the profound significance of the shipping industry in India and how it directly relates to your aspirations.

India, one of the world's fastest-growing economies, relies heavily on maritime transport as a cornerstone of its success. With an extensive coastline, numerous ports, and a strategically advantageous location, India holds a pivotal role in global shipping and trade. 

Now, in this blog, we will reveal the top-paying shipping companies in India, which can be your ticket to a successful career in the Merchant Navy. These companies play a vital role in India's growing economy and offer well-paying jobs for aspiring seafarers. They are your potential employers, opening doors to exciting adventures and rewarding careers on the open waters.

The Indian Shipping Industry

India's shipping industry is a cornerstone of the nation's economic growth and global trade network. With a coastline spanning thousands of kilometers along the Arabian Sea and the Bay of Bengal, India boasts a strategic geographic advantage. This vast coastline is adorned with numerous ports and harbors, contributing significantly to the country's role as a pivotal player in the international shipping arena.

The significance of India's shipping industry is not confined to national borders. It serves as a vital artery for global trade and commerce. Key sectors in India's shipping industry include container shipping (for efficient cargo transport), bulk carriers (for raw materials like coal and iron ore), and offshore services (supporting offshore activities like oil and gas exploration). These sectors collectively drive India's vital role in the global maritime network.

List of 10 High-Paying Shipping Companies in India  

Following is the list of 10 well-known and reputable shipping companies that are often recognized for offering competitive salaries. The salaries of different profiles in each company have been taken from the latest salaries reported on Ambition Box, India's No. 1 website for company reviews & salary insights.  

10. Mumbai Port Trust

Mumbai Port Trust is a significant and historic port authority located in Mumbai, India. Established in the seventeenth century, it is one of oldest ports in India and remains a crucial hub for maritime trade and commerce. The port trust offers a range of job opportunities, including positions related to port management, logistics, and operations. It is a vital contributor to India's economic growth, serving as a gateway for international trade and commerce.

Average Annual Salary of an Apprentice Trainee: INR 0.9 Lakhs

Average Annual Salary of a Fireman: INR 2.3 Lakhs

9. Cochin Shipyard Ltd 

Cochin Shipyard Ltd (CSL) is one of the leading shipbuilding and ship repair companies in India. Established in 1972, CSL has gained recognition as a significant player in the maritime industry, specializing in the construction of various types of vessels, including cargo ships, passenger vessels, and offshore platforms.

Cochin Shipyard is known for its state-of-the-art facilities and expertise in shipbuilding and repair services. The company provides opportunities for a wide range of job roles, including engineers, naval architects, welders, and other technical and administrative positions.

Average Annual Salary: INR 4.3 Lakhs 

8. Dredging Corporation of India (DCI)

As a government-owned entity, DCI is focused on fulfilling its role in national infrastructure development and maintenance. The company provides career opportunities for seafarers and maritime professionals, particularly in roles related to dredging, marine engineering, and vessel operations.

Average Annual Salary of a Chief Engineer: INR 7.0 Lakhs- INR 8.6 Lakhs

7. Adani Ports and Special Economic Zone (APSEZ)

Adani Ports and Special Economic Zone (APSEZ) is a crucial arm of the Adani Group, one of India's largest and most influential conglomerates. APSEZ is a major player in port and logistics sector in the country, with a focus on providing world-class port and terminal operations, inland container depots, and logistics services. APSEZ offers well-compensated career opportunities in areas such as port and terminal operations, logistics management, and various support functions. 

Average Annual Salary: INR 9.7 Lakhs

6. Shreyas Shipping and Logistics

Shreyas Shipping and Logistics is a maritime company that operates coastal and container shipping services, primarily connecting major ports in India. The company plays a crucial role in the efficient transportation of goods, supporting the nation's trade and economic activities.

Shreyas Shipping and Logistics is known for its focus on coastal shipping, which is vital for domestic trade and commerce. The company offers career opportunities for seafarers, including roles such as masters (captains), chief officers, chief engineers, and specialized positions in container vessel operations.

Average Annual Salary: INR 9.7 Lakhs 

5. Gulf Energy Maritime

Gulf Energy Maritime (GEM) is a prominent shipping company with a strong focus on the transportation of petrochemicals and liquid cargo. The company operates primarily in the Middle East and India and has gained a reputation for its specialized services in the maritime industry.

Being one of the most highly paid companies, GEM offers competitive compensation packages for seafarers, particularly in positions such as masters (captains), chief officers, and chief engineers. 

Average Annual Salary: INR 11.4 Lakhs 

4. Shipping Corporation of India (SCI)

The Shipping Corporation of India (SCI) is a prominent government-owned enterprise and a major player in India's shipping industry. Established in 1961, SCI has a diverse fleet that covers various shipping segments, including bulk carriers, container vessels, offshore services, and more. It is considered a reliable employer for those looking to build a career in the Indian maritime sector. 

Average Annual Salary: INR 11.4 Lakhs

3. Essar Shipping

Essar Shipping is a prominent shipping company and a subsidiary of the Essar Group, one of India's leading conglomerates. The company operates a varied fleet that includes bulk carriers and oil tankers, contributing significantly to India's maritime trade and logistics sector. The company offers career opportunities for seafarers, both onshore and offshore, providing competitive compensation packages and a platform for career growth.

Average Annual Salary: INR 13.9 Lakhs

2. Mercator Limited

Mercator Limited (formerly Mercator Lines Ltd) is a diversified Indian company with a significant presence in the shipping and logistics sectors. The company's operations cover various segments of the shipping industry, including bulk carriers, dredging, and offshore services.

Mercator Limited has a long history of providing maritime solutions and plays a vital role in supporting India's trade and transportation needs. The company offers well-compensated positions for seafarers, including roles such as captains and chief engineers. 

Average Annual Salary: INR 15.1 Lakhs

  1. Great Eastern Shipping Company

The Great Eastern Shipping Company is one of India's premier private highly paid shipping companies in India. It specializes in the shipping of crude oil and product tankers, dry bulk carriers, and offshore services. Established in 1948, it has a rich history in the maritime industry and is well-regarded for its expertise and contributions to the shipping sector.

Average Annual Salary: INR 16.0 Lakhs 

How to Land a High-Paying Job in the Shipping Industry?

If you are aspiring to secure a high-paying job in the shipping industry, it is essential to follow a well-structured approach to enhance your chances of success. Here are some steps to help you achieve your career goals in this dynamic sector:

  • Get the Right Education: Pursue relevant degrees and certifications in maritime studies, nautical science, or marine engineering.
  • Gain Practical Experience: Secure internships or entry-level positions in shipping companies to build hands-on experience.
  • Obtain Necessary Certifications: Acquire essential licenses like the Certificate of Competency (COC) required for officer positions.
  • Research and Apply: Find reputable companies, research job openings, and apply for positions that match your qualifications.
  • Prepare: Brush up on technical knowledge and soft skills, as interviews and assessments are common in the recruitment process.
  • Consider Specialization: Explore specialized roles, which often come with higher compensation.
  • Global Opportunities: Be open to opportunities worldwide, given the international nature of the industry.

In Conclusion, 

The world of the Merchant Navy promises both financial stability and an extraordinary sea career. These highly paid companies not only offer you tempting job opportunities but the helm for your journey to a prosperous maritime career as well. Navigating this industry requires education, experience, and dedication. So, set sail toward a prosperous and adventurous maritime career.