SCI May Turn to Chinese Shipyards

Thursday, January 04, 2007
Shipping Corporation of India mayturn to Chinese shipyards for acquisitions of its future tonnage covering tankers, tugs and bulk carriers. The major shipbuilders, mostly located in Korea, are, it is learnt, unable to accept new orders for deliveries in the next few years as their order books are full for the foreseeable future. Besides, the Korean yards have stopped building bulk carriers. SCI, it might be noted, has already placed orders with three Korean yards for acquisitions of various types of vessels two 4,400-TEU container vessels with Hyundai, six large range product tankers with STX and two VLCCs with Daewoo. SCI Forbes Ltd, which is SCI's joint venture with Shapoorji Pallonji group, too has placed orders with INP Heavy Industries, a Korean yard, for acquiring four chemical tankers.

It might be noted that for the past few years SCI has been having association with the Chinese yards, which are visited by its vessels for dry-docking and repairing purposes. Only recently, did SCI send one of its crude tankers, Maharishi Karve (1,05,000 dwt), to the Cosco yard in Guangzhou for its conversion into double-hull from the present single hull. Two other tankers, though of much smaller sizes, it is learnt, might also be sent to the Chinese yards for the same purpose. Interesting transition

The SCI teams are believed to have already visited China but no firm decision has yet been taken in regard to placing of orders for new acquisitions. The types of vessels being considered for acquisition from the Chinese yards include two MR (medium range) crude tankers (45,000 dwt), six Super Handymax (55,000 dwt) and two Capesize bulk carriers (1,70,000 dwt) bulk carriers and five anchor handling tugs to facilitate offshore operations of the oil companies. The total cost of these vessels is estimated at $500 million. SCI, it is learnt, has already received the government approvals for acquisitions of these vessels.

While the designs are all of international standards, it is the craftsmanship that makes the difference. Source: Business Line

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

MHI Receives "Best IR Award"

Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA).

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

Everett College to Launch New Research Boat

Everett Community College’s Ocean Research College Academy (ORCA) will launch its new research vesel on November 22 with a celebration at 11 a.m. at the Port of Everett.

Maritime Security

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

USS Oscar Austin Deploys to 6th fleet

Arleigh Burke-class guided-missile destroyer USS Oscar Austin (DDG 79) departed Naval Station Norfolk Nov. 21 for a deployment to the U.S. 6th Fleet area of responsibility (AOR).

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1154 sec (9 req/sec)