Shipping Corporation of India

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Shipping Corporation of India
Type State-owned enterprise
public company (BSE523598NSESCI)
Industry Shipping
Founded Bombay, 2 October 1961 (1961-10-02)
Headquarters Corporate Centre,
Madame Cama Road,
Mumbai 400,021 India
Key people B K Mandal (Chairman and managing director)
Revenue IncreaseINR39026.9 million (US$630 million)[1]
Website www.shipindia.com

The Shipping Corporation of India (SCI) (Hindi: भारतीय नौवहन निगम) (BSE523598NSESCI) is a Government of India Public Sector Enterprise with its headquarters in Mumbai[2] that operates and manages vessels that services both national and international lines.

History[edit]

SCI Head Office at Nariman Point Mumbai

SCI was established on 2 October 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Two more shipping companies, Jayanti Shipping Company and Mogul Lines Limited, were merged with SCI in 1973 and 1986 respectively.[3]

SCI started out with 19 vessels. It gradually metamorphosed into a conglomerate having 80 ships of 5.9 million metric tons deadweight (DWT) with interests in different segments of the shipping trade.

SCI was also awarded the prestigious "Navratna" status by Indian Government in 2008.

Recent contracts[edit]

  • On 17 September 1991 SCI signed Contracts with STX Shipbuilding Co. Ltd. of South Korea for building and delivering six Newbuilding LR-I Product Tankers. This is the largest shipbuilding contract in terms of value, signed by SCI since its inception.
  • On 14 November 2006, SCI signed Contracts with Hyundai Samho Heavy Industry, of South Korea for building and delivering two Newbuilding 4,400 TEU Container Vessels. The deliveries of these vessels are scheduled by the end of November 2008.

Fleet[edit]

The SCI operates a fleet of 74 vessels (1 March 2014) totalling 5.90 million DWT. It also manages 39 vessels (1 March 2013) totalling 200,658 DWT on behalf of various Government Departments and other organisations. SCI’s owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, Phosphoric Acid / Chemical carriers, LPG / Ammonia carriers and Offshore Supply Vessels.

Particulars No. Crude Oil 18 Product 14 Chemical 1 Gas 2 VLCC 4 Bulk Carriers 17 Liners 5 Offshore Supply 12 Passenger-cum-Cargo 1 Total 74

Services[edit]

  • Liner and Passenger services
  • Bulk carrier and tanker services
  • Offshore services
  • Liquefied Natural Gas

Major clients[edit]

References[edit]

  1. ^ "BSE Plus". Bseindia.com. Retrieved 2 February 2011. 
  2. ^ [1][dead link]
  3. ^ [2][dead link]