According to a report from the Wall Street Journal, six top firms from South Korea, the world’s biggest shipbuilding nation, two from China and one from India are competing for a contract estimated at $540m to build four super tankers, or large crude carriers, for the state-run Shipping Corp. of India Ltd (SCI). SCI will now shortlist the technically qualified applicants who can submit price bids for the contract. At current prices, each super tanker will cost around $135m to build from scratch and can carry as much as 313,000 tons of crude oil.
(Source: The Wall Street Journal)