.. subcription
    .. rss channels
    .. press releases
    .. contacts

            october 19, 2019

.. in english  .. по-русски  .. latviski    

LKW Walter

CILF 2019

Busworld 2019

  .. sitemap ..

  .. publications ..

  .. news ..

  .. advertisement ..

LKW Walter Rus
LKW Walter
  .. partners ..


SCI to acquire a stake in a shipyard


The Shipping Corporation of India (SCI) proposes to enter the shipbuilding sector by acquiring a stake in a shipyard. It has asked shipbuilders to submit their proposals in this regard, disclosed the Chairman and Managing Director, Mr S. Hajara.
"Without shipyards, there will be no shipping companies.
"It’s a backward integration for any shipping company," Mr Hajara reasoned.
"It’s a good long-term move for SCI to acquire a stake in a shipyard, since the shipping industry has stabilised from the downturn in the last few months,"one analyst admitted.
SCI may get a stake at a low price because shipyards are faced with dismal order inflow for over a year. Besides there are deferrals and cancellations for existing orders, he added, according to Exim News Service.

.. search ..