Shipping Corporation of India

Infobox_Company
company_name = "'Shipping Corporation of India
company_
company_type = Government Owned (BSE: [http://www.bseindia.com/price_finder/stockreach.asp?scripcd=523598 SCI] )
foundation = Mumbai, 1961 | location = 400 021 India
industry = Shipping
revenue = |Rs. 35,310,200,000 (2006 sales)
employees = | 6,242
homepage = [http://www.shipindia.com/ www.shipindia.com] The Shipping Corporation of India (SCI) is a company owned by the Government of India that operates and manages vessels that services both national and international lines."It is listed on BOM stock exchange with ticker Ticker: SCI. "

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 DWT|4.6 million|metric|first=yes with interests in 10 different segments of the shipping trade.

Recent contracts

* On October 27 2006, 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 DWT|4.93 million. It also manages 53 vessels (January 2006) totaling DWT|63000 on behalf of various Government Departments and other organizations

ervices

*Liner and passenger services
*Bulk carrier and tanker services
*Offshore services
*Liquefied Natural Gas