SCI commissions four ships to meet India container trade demands
The Shipping Corp. of India said this week it is planning to spend $280 million on four new containerships vessels to cater to the rapidly expanding European and American markets.
The four new ships, which will be purchased over the next three years, will add a capacity of about 19,000 TEUs — with two 4,400-TEU ships to be delivered by the end of 2008 and two 5,000-TEU ships to be delivered by the end of 2010, SCI Director S.S. Rangnekar told Indian news agencies.
The two smaller ships will be built by Hyundai Samho Heavy Industries of South Korea, while the larger vessels will also be built in a foreign shipyard, although the order has yet to be finalized)
The 5,000-TEU ships will likely be used for services linking India and North America, while the smaller vessels will be employed on India/Europe routes. SCI already owns three container ships and charters six more.