Gol Salvage Services Ltd News

Foreign players continue to dominate several segments of the Indian maritime industry: from salvage to dredging, chartering to ship management and ship manning, to name but a few. And the list of foreign firms setting up shop in India is growing as the country is hurriedly putting in place the required infrastructure to meet the huge demands of India’s growing international trade. Globally, India is the 7th largest country in area, 2nd in population and 11th in GDP, with the expectation that it will ascend to the top five in GDB by 2020. The country is blessed with a 4,700 mile coastline, making it one of the longest in the world not forgetting the 14…

In the three years since its launch GOL Salvage Services Ltd., having forayed into a domain traditionally commanded by global players has today become a force to reckon with. GOL Salvage’s Executive Director,Capt. Sandeep Kalia, gives a rare insight into the Indian salvaging scenario. ‘Fools rush in where angels fear to tread’ had been the deciding factor for most salvors in India, holding them back from entering the salvage business in earnest. But when GOL Salvage Services Ltd. entered the field in 2011, it became a game changer as it was the first fully indigenous salvage company making an entry into the field that was traditionally dominated by overseas salvaging giants.