SCI plans to acquire 64 ships

Monday, October 10, 2005
The State-owned Shipping Corporation of India (SCI) plans to acquire 64 ships under the national maritime development program, according to a report on Manorama Online.

The national shipping major said it will acquire 32 vessels by March, 2007, and as many during the next five years of the 11th Plan period of 2007-2012. The company has informed the Bombay Stock Exchange that it expects delivery of these vessels by March, 2015.

Commenting on a media report that SCI is to acquire a total of 76 vessels by 2025, the corporation said it can achieve the target of acquiring additional 12 vessels in 13 years beyond the 11th Plan period if asked to do so.

On acquisition of two very large crude carriers (VLCCs), SCI said the corporation is yet to receive the official communication of its clearance by the Cabinet Committee on Economic Affairs (CCEA).

(Sorce: Manorama online)

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