SCI to Acquire 60 Vessels by 2015

23 June 2010 (Last Updated June 23rd, 2010 18:30)

Shipping Corporation of India (SCI) will acquire 60 vessels by March 2015 with an investment of INR200,000m ($4.3bn). The state-owned company has already ordered 30 vessels for INR9,1500m ($2bn) and plans to order 30 more by 2015. SCI, which currently owns 76 ships of 5.1 million

Shipping Corporation of India (SCI) will acquire 60 vessels by March 2015 with an investment of INR200,000m ($4.3bn).

The state-owned company has already ordered 30 vessels for INR9,1500m ($2bn) and plans to order 30 more by 2015.

SCI, which currently owns 76 ships of 5.1 million dwt and manages 60 vessels of 0.2 million dwt, expects to take delivery of the ships between 2014 and 2015.

After the acquisition, SCI’s capacity is expected to increase to 12 million dwt.