The Shipping Corporation of India (SCI) (Hindi: भारतीय नौवहन निगम) (BSE: 523598NSE: SCI) is a company owned by the Government of India based in Mumbai that operates and manages vessels that services both national and international lines.
History
SCI was established on October 2, 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.
SCI started out with 19 vessels. It gradually metamorphosed into a conglomerate having 83 ships of 4.6 million metric tons deadweight (DWT) with interests in 10 different segments of the shipping trade.
Recent contracts
On september 17th 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 November 14 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
The SCI operates a fleet of 84 vessels (January 2006) totaling 4.93 million DWT. It also manages 53 vessels (January 2006) totaling 63000 DWT on behalf of various Government Departments and other organizations
Services
Liner and passenger services
Bulk carrier and tanker services
Offshore services
Liquefied Natural Gas
(source:wikipedia)
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