Support and Resistance Levels
Past performance
About Chowgule Steamships Ltd Chowgule Steamships Ltd (CSL), founded in April 1963, is a shipping company specializing in the ownership and chartering of vessels for the transportation of bulk cargo. The company operates a fleet of four vessels, offering services such as manning, fixing, and bareboat charters. In 1994, CSL expanded and modernized its fleet, increasing its tonnage to 470,000 dwt and reducing the average fleet age.
The company has undergone significant asset sales to manage liquidity and debt, including selling several Panamax and coastal vessels between 2001 and 2004. Despite these challenges, CSL has continued to adapt, with the Angre Port becoming operational in 2012. The strategic moves in asset management and operational expansion demonstrate CSL's efforts to maintain competitiveness in the shipping industry.