Shipping Corporation of India
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| Type | State-owned enterprise Public (BSE: 523598NSE: SCI) |
|---|---|
| Industry | Shipping |
| Founded | Bombay, 1961 |
| Headquarters | Corporate Centre, Madame Cama Road, Mumbai 400 021 India |
| Key people | Sabyasachi Hajara (Chairman and Managing Director) |
| Revenue |   3,902.69 crore (US$706.39 million) [1] |
| Website | www.shipindia.com |
The Shipping Corporation of India (SCI) (Hindi: भारतीय नौवहन निगम) (BSE: 523598NSE: SCI) is a company owned by the Government of India based out of Mumbai[2] that operates and manages vessels that services both national and international lines.
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[edit] 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.[3]
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.
[edit] About SCI
Starting out as a marginal Liner shipping Company with just 19 vessels, the SCI has today evolved into the largest Indian shipping Company. The SCI also has substantial interests in various segments of the shipping trade. 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. Sailing through for nearly five decades, the SCI today has a significant presence on the global maritime map. SCI also has a status of "Navratna" by Indian Governement.
[edit] Recent contracts
- 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.
[edit] 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
[edit] Services
- Liner and passenger services
- Bulk carrier and tanker services
- Offshore services
- Liquefied Natural Gas
[edit] Major clients
- Indian Oil Corporation Ltd.
- Bharat Heavy Electricals Ltd.
- Steel Authority of India Ltd.
- Oil & Natural Gas Corporation Ltd.
- Reliance Industries Ltd.
- Bharat Petroleum Corporation Limited
- Hindustan Petroleum Corporation Ltd.
- British Petroleum
- British Gas
- Shell
[edit] References
- ^ "BSE Plus". Bseindia.com. http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=523598. Retrieved 2011-02-02.
- ^ [1][dead link]
- ^ [2][dead link]
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