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            october 14, 2019

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Vasan reveals SCI plans


The Shipping Corporation of India (SCI) has laid out plans to purchase new ships for replacement of vessels scheduled for phase-out at the end of their economic life, as also to enhance its tonnage to take advantage of a burgeoning business environment, according to Exim News Service.
Mr G. K. Vasan, Union Minister of Shipping, told Parliament that as per the 11th Plan vessel acquisition programme, SCI intended to buy 62 vessels, of which till date it had ordered 29 and taken delivery of 3. The remaining 26 vessels would be delivered over a period of 2 years.
The rest of the 33 vessels would be ordered by March 2012, he said.
A range of vessels are on order, including product tankers, crude oil carriers, bulk carriers, anchor handling, towing and supply vessels, platform supply vessels and Kamsarmax vessels.
The ships being acquired would be primarily used for catering to the country’s ex-im trade, though some of these could also participate in global trade depending on the opportunities available, the Minister pointed out.

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