WE ALWAYS TRY TO IMPROVE.
The CEO Magazine India|August/September 2020
GREATSHIP INDIA HAS SURVIVED A TUMULTUOUS FEW YEARS IN THE OIL INDUSTRY. MANAGING DIRECTOR RAVI SHETH SAYS THE KEY ISN’T GROWTH, BUT IMPROVEMENT.
- OLIVER FEATHERSTON
WE ALWAYS TRY TO IMPROVE.

The oil industry is a perpetually unstable environment, susceptible as it is to new discoveries, military conflicts and, lately, the COVID-19 crisis. It’s a market that can see its fair share of bankruptcies – new players entering while established players collapse. It takes a great deal of expertise to navigate such an environment successfully, but Ravi Sheth, Managing Director of Greatship India, may just have exactly that expertise.

For the past 14 years, Ravi has been with Greatship India, ever since the subsidiary of the Great Eastern Shipping Group was set up in 2006. In that time, he’s seen the company through other crises, such as a major market disruption in 2014. Up until that point, the market was doing pretty well, having come through a boom period. From mid-2014, however, the price of oil fell rapidly thanks to a fall in demand and a stronger US dollar.

When oil was at US$140/barrel, the proponents of peak oil supply theory forecasted a price of US$200 in no time. Instead, the world (read the US) found a new and vast source of oil in the form of shale oil and the price plummeted to US$30-40/barrel. As the oil price fell, so did the E&P spending budgets of major oil companies. To further accentuate the problems, the cuts in capital allocation were skewed towards offshore. As a result, over the past few years, the offshore oil field services industry witnessed a severe slowdown. Ravi says the market has stabilised now, but it’s not perfect – he notes that the essential thing remains the pursuit of cost efficiency (especially today, thanks to COVID-19).

この蚘事は The CEO Magazine India の August/September 2020 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The CEO Magazine India の August/September 2020 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE CEO MAGAZINE INDIAのその他の蚘事すべお衚瀺
In The Best Of Corporate Health
The CEO Magazine India

In The Best Of Corporate Health

Under the leadership of chairman and managing director Dilip Surana, micro labs is showing no signs of slowing down in its quest to become one of the world’s leading generic pharmaceutical companies.

time-read
10+ 分  |
December/January 2021
“OUR FOCUS IS ON OUR CUSTOMERS.”
The CEO Magazine India

“OUR FOCUS IS ON OUR CUSTOMERS.”

BONFIGLIOLI TRANSMISSIONS COUNTRY MANAGER KENNADY V KAIPPALLY TALKS INNOVATION, CUSTOMER SATISFACTION AND THE POWER OF A STRONG BUSINESS CULTURE.

time-read
9 分  |
December/January 2021
WE ALL TREAT EACH OTHER WITH RESPECT.“
The CEO Magazine India

WE ALL TREAT EACH OTHER WITH RESPECT.“

WHEN COVID-19 STRUCK SOUTH ASIA, BD INDIA MANAGING DIRECTOR PAVAN MOCHERLA FOUND WAYS TO KEEP HIS ASSOCIATES SAFE WHILE CONTINUING TO PRODUCE THE TOOLS HEALTHCARE WORKERS NEED TO COMBAT THE VIRUS.

time-read
4 分  |
December/January 2021
WE ARE ENJOYING A CONSTANT DEMAND FOR OUR PRODUCTS.
The CEO Magazine India

WE ARE ENJOYING A CONSTANT DEMAND FOR OUR PRODUCTS.

POTATO WAFERS AND OTHER SNACK FOODS HAVE PROVEN TO BE THE GOLDEN TICKET FOR CO-FOUNDER AND MANAGING DIRECTOR OF BALAJI WAFERS, CHANDUBHAI VIRANI.

time-read
5 分  |
December/January 2021
Walking on water
The CEO Magazine India

Walking on water

RELIABLE ACCESS TO ELECTRICITY CAN UNLOCK OPPORTUNITIES FOR INDIA’S RURAL COMMUNITIES. AS CHAIRMAN AND MANAGING DIRECTOR OF NATIONAL HYDROELECTRIC POWER CORPORATION, ABHAY KUMAR SINGH IS DETERMINED TO DO AS MUCH AS HE CAN FOR THIS CAUSE IN THE NEXT TWO YEARS.

time-read
5 分  |
December/January 2021
The CEO Magazine India

LEAN MACHINE

AS CEO, THOMSON JOSEPH HAS EQUIPPED TRÜTZSCHLER INDIA WITH THE TOOLS TO DO MORE WITH LESS. WHAT A TIMELY JOURNEY IT HAS PROVEN TO BE.

time-read
4 分  |
December/January 2021
THE CUSTOMER IS KING.
The CEO Magazine India

THE CUSTOMER IS KING.

AS EXECUTIVE DIRECTOR OF THE DISTILLERIES COMPANY OF SRI LANKA, ROYLE JANSZ UNDERSTANDS THAT THE RECIPE FOR SUCCESS IS A BLEND OF CONSISTENT QUALITY AND TREATING CUSTOMERS LIKE ROYALTY.

time-read
4 分  |
December/January 2021
The CEO Magazine India

The WARTIME CEO

LEADERS MUST ADOPT THE MENTALITY OF BEING AT WAR IF THEY WANT TO SURVIVE THE NEXT 24 MONTHS, SAYS EXPERT LYNDALL SPOONER.

time-read
4 分  |
December/January 2021
Challenges excite me.
The CEO Magazine India

Challenges excite me.

WITH A FOCUS ON DIFFERENTIATION AND VALUE CREATION FOR ITS CUSTOMERS, ASHWANI SHARMA, PRESIDENT AND CEO OF ASEPTO, UFLEX GROUP’S ASEPTIC LIQUID PACKAGING ARM, SHARES HOW THE BRAND HAS TRANSFORMED THE ASEPTIC LIQUID PACKAGING INDUSTRY.

time-read
3 分  |
December/January 2021
A MATERIAL WORLD
The CEO Magazine India

A MATERIAL WORLD

WITH 40 YEARS’ EXPERIENCE AT MATERIALS MANUFACTURER TORAY INDUSTRIES UNDER HIS BELT, CHIEF REPRESENTATIVE FOR INDIA SHIGEKAZU SUENAGA HAS LEARNED THAT FEW THINGS ARE MORE IMPORTANT TO A BUSINESS THAN INNOVATION, COMMUNICATION AND CONSISTENCY.

time-read
3 分  |
December/January 2021