Dubai's Emerald Maritime aims 5-fold revenue growth in 3-5 yrs

Dubai-based dry bulk cargo company Emerald Maritime aims to grow its revenue by about five times to USD 150 million in the next 3-5 years.
"With a turnover exceeding USD 30 million in current financial year, in next 3-5 years, Emerald expects to grow at least 5 times in terms of revenue," the company said in a statement.
It will strengthen its focus in the east coast region to grow its bulk cargo export-import market share in India, the company said.
Currently, Emerald has more than 50 per cent of the annual business portfolio dedicated to imports of coal (Coking and Non-Coking) in India.

"Emerald is currently evaluating prospects of expanding and diversifying its portfolio in India inorganically... poised to bring change in bulk segment, the diversification would be aimed for break-bulk and container segments to have a better control on the supply chain," company's Managing Partner and Chief Operating Officer Jitesh Jaipuriyar said.
The company will also open offices in Singapore and Hong Kong in addition to presence in India.