Shipping Corp. of India to acquire 16 vessels
State-owned company Shipping Corp. of India plans to invest around $3 billion over the next four years to acquire 16 vessels, the Financial Express reported this week.
The Indian business journal also reported that SCI is already spending $1 billion to buy 12 vessels to be delivered from 2008 to 2010. SCI operates a fleet of 84 vessels with 4.93 million deadweight tons of capacity. It also manages 53 vessels with 63,000 dwt on behalf of various government departments and other organizations. It provides liner and passenger services, bulk carrier and tanker services.
Shipping Corp. of India to acquire 16 vessels
