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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Vyborg Shipyard to Build Icebreaker

Vyborg Shipyard signed a License and Concept Design Agreement with the Finnish engineering company Aker Arctic Technology for two icebreaking support vessels.   Two

SENER Debuts Latest FORAN Release

At  Sinaval-Eurofishing in Bilbao, Spain, Sener will present enhancements in the shipbuilding CAD/CAM system FORAN, in all disciplines (forms, naval architecture and general arrangement,

BHGI-designed ATB Unit Under Construction

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’

Maritime Security

China Maritime Disputes Bedevil ASEAN

Chinese island-building efforts in the disputed South China Sea, where airstrips are being built on coral reefs, risk undermining "peace, security and stability" in the region,

IMO Forum Aims to Rebuild Somalia's Maritime Sector

A three-day Stakeholders Forum will be held April 27-29 to review draft guidelines for the establishment of a Somalia Maritime Administration, coordinated and funded

Shipoweners Warned to be Prepared for Migrant Rescues

The North P&I club has warned its shipowner members of the need to be properly prepared to meet their moral and legal obligations to rescue migrants at sea. In

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1642 sec (6 req/sec)