Last modified: 2011-03-25 by zoltán horváth
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![[Flag of the British Virgin Islands]](../images/v/vg~binn.gif)
image by Eugene Ipavec, 27 April 2009
Binny Shipping Ltd and Binny Ship Management Ltd at Tortola
(British Virgin Islands) are two companies active – as the
names state – in different sectors of shipping both however
being concerned with dry bulk. Website at <binnyship.com>.
Management includes the few ships operated by the shipping
division while in the past, important Indian companies such as
Scindia were customer.
The shipping division, founded in 1988, currently has two vessels
sailing under the Panamanian flag; further expansion is planned.
Report on the temporary seizure (luckily resolved) of
‘Nirmal Bhushan’ in Iraq at <www.themarineworld.com>.
Shown as a drawing on the site, the house flag is dark blue
having a rather small black disk in the centre, bearing a red
initial ‘B’.
Jan Mertens, 11 January 2009
Binny Ship Management Pvt. Ltd. is shown by Lloyds as based
Mumbai, India and was started in 1988 by V.B. Verma as a ship
management company becoming a ship owner in 1995. I know the
website stresses the British Virgin Island connection but this
seems to be a case of subsidiaries being based in a more
favourable tax resort, with their ships being registered in
Panama. The flag home probably thus originates from India.
Neale Rosanoski, 9 August 2009
