Search results for: Shipping Corporation of India

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  • 25 November 2019
    Business & Finance

    India’s government has approved the sale of a majority stake in Shipping Corporation of India (SCI).

  • 28 March 2017
    Business & Finance

    The Shipping Corporation of India (SCI) has rejuvenated its outdated fleet slashing its age by almost a half. “Shipping Corporation of India (SCI) has replaced most of its aged fleet and it has a modern and fuel efficient fleet with an average age of 9.5 years as on March 2017 compared to average Indian fleet age […]

  • 18 March 2019
    Business & Finance

    IRClass secures a 5-year contract to undertake emergency response service for 33 SCI ships.

  • 6 November 2017
    Business & Finance

    The Shipping Corporation of India Ltd (SCI) is looking to sell two of its crude oil tankers as it received an approval for the transaction from its Board of Directors during the quarter ended September 30. Namely, the company plans to sell the 92,700 dwt Abul Kalam Azad and the 45,134 dwt Bankim Chandra Chatterjee. The tankers […]

  • 12 March 2012
    Business & Finance

    Shipping Corporation of India Ltd announced that it has sold a Handymax Bulk Carrier, “m.v. Pataliputra” biult 1987 (47,304 DWT), and a chemical tanker, m.t. “Sabarimala” built 1992 (33,056 DWT), and handed over their physical deliveries to the respective buyers. The Shipping Corporation of India (SCI) is a company owned by the Government of India […]

  • 9 May 2016
    Business & Finance

    Shipping Corporation of India (SCI) should purchase new fuel efficient vessels to replace the old ones, the company was told by India’s standing parliamentary committee on transport. The recommendation comes in the aftermath of Shipping Corporation of India’s recovery from its loss making phase since 2011-12, bouncing back to a net profit of Rs.384.41 crore during […]

  • 3 August 2016
    Business & Finance

    Shipping Corporation of India (SCI) has signed the Memorandum of Understanding (MOU) with the country’s Ministry of Shipping for the financial year 2016-17 as the company eyes growth opportunities. The MOU, which is based on the MOU guidelines 2016-17 issued by the Department of Public Enterprises (DPE), consists of parameters drawn on the prescribed evaluation criteria […]

  • 5 June 2015
    Business & Finance

    Shipping Corporation of India (SCI) has been told by the country’s shipping minister to look for second-hand liquefied natural gas carriers (LNG) to fill in for the newbuild carriers that are to be built indigenously. “I have given orders to SCI to find second hand ships. For the transport of LNG, we can give services to them […]

  • 19 October 2011
    Business & Finance

    The Shipping Corporation of India Ltd. (SCI) recently accepted delivery of a 80 T BP Anchor Handling, Towing & Supply vessel “m.v. SCI Ratna”. SCI had signed contracts for acquisition of four nos. newbuilding 80 T BP Anchor Handling, Towing & Supply vessels with Bharati Shipyard Limited, India. The first vessel, “m.v. SCI Panna” was […]

  • 26 September 2011

    The state-run Shipping Corporation of India on Friday said that it would invest Rs 3,700 crore in the ongoing fiscal to acquire 24 new … (economictimes) [mappress] Source: economictimes, September 26, 2011;

  • 21 November 2016

    Shipping Corporation of India has expanded its fleet with a multi-purpose offshore vessel. The company took delivery of the SCI Sabarmati vessel on November 18. The 2013-built vessel is currently located in Singapore. The secondhand vessel has a gross tonnage of 3306 Metric tonnes and deadweight of 3352.31 metric tonnes. According to VesselsValue, the vessel […]

  • 26 September 2011

      The state-run Shipping Corporation of India on Friday said that it would invest Rs 3,700 crore in the ongoing fiscal to acquire 24 new… (EconomicTimes) [mappress] Source: EconomicTimes, September 26, 2011.

  • 4 April 2012
    Business & Finance

    ‘SCI Kundan’, an anchor handling tug supply vessel (AHTS), was delivered to the Shipping Corporation of India (SCI), Mumbai. This is the second in the series of four vessels of 120T Bollard Pull AHTS being built by the Cochin Shipyard Limited (CSL) for the SCI. Captain Devadas, senior vice-president for the SCI, and P Vinayakumar, […]

  • 28 October 2012

    The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Panamax Bulk carrier, m.v. Vishva Vijay  on 25th October, 2012. The vessel is the third of the series of the four Panamax bulk carriers ordered by SCI with STX (Dalian) Shipbuilding Co. Ltd., China. Orders for these vessels were placed in August 2008. These […]

  • 16 November 2011
    Business & Finance

    Cochin Shipyard Limited (CSL) delivered a 120T Bollard pull Anchor Handling Tug Supply Vessel (AHTS), “SCI Pawan”, bearing the Hull No. to M/s. Shipping Corporation of India, Mumbai (SCI). The vessel is of AH03 type, designed by STX OSV, Norway (ex- Aker Yards) and is certified under dual class by the Rules and Regulations of […]

  • 26 July 2012

      As alleged by Bloomberg, Shipping Corporation of India (SCI) is terminating its joint-venture with the Islamic Republic of Iran Shipping Lines anent intensification of sanctions against Iran, which have hampered the company’s business operations. Even though details of the separation still haven’t been decided, SCI, which holds 49 percent of the venture, seems to […]

  • 18 September 2017
    Business & Finance

    The Shipping Corporation of India Ltd (SCI)  has taken delivery of a 2001- built second-hand very large gas carrier (VLGC), the largest in its gas carrier fleet. The 82,488-cbm ship BW Vision, now renamed to Nanda Devi, was previously owned by Singapore’s BW LPG, part of BW Group. According to Capt. Anoop Kumar Sharma, C&MD, SCI, with the […]

  • 9 February 2017
    Business & Finance

    Seven Indian seafarers from the dhow FRTK-1 have been rescued by the crew of the 158,030 dwt Suezmax tanker Desh Shanti when their vessel ran into trouble in inclement weather in the Gulf of Oman. On February 3, the tanker, owned by the Shipping Corporation of India Ltd (SCI), received a distress call from the dhow requesting immediate assistance […]

  • 15 August 2018
    Business & Finance

    Shipping Corporation of India: Tanker Desh Vaibhav is totally under control following an explosion on board.

  • 19 December 2011
    Business & Finance

    The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Supramax Bulk carrier, m.v. Vishva Bandhan today, 16th December, 2011. The vessel is the third vessel of SCI’s six nos. Supramax bulk carriers ordered at STX (Dalian) Shipbuilding Co. Ltd., China, which is part of the world renowned STX Offshore and Shipbuilding group of […]

  • 19 October 2011
    Business & Finance

    The Shipping Corporation of India Ltd. (SCI) accepted delivery of a 80 T BP Anchor Handling, Towing & Supply vessel “m.v. SCI Ratna” on  October 14th 2011. SCI had signed contracts for acquisition of four nos. newbuilding 80 T BP Anchor Handling, Towing & Supply vessels with Bharati Shipyard Limited, India. The first vessel, “m.v. […]

  • 1 January 2018
    Business & Finance

    Shipping Corporation of India sold its 1999-built crude oil carrier M.T. AK Azad.