SCI to buy 26 Ships

Thursday, November 17, 2005
Shipping Corporation of India (SCI) will acquire 26 vessels over the next 16 months, according to a report published today in the Business Standard. The company proposed to acquire 16 vessels in four markets, it planned to go for block approval for 10 vessels, a Shipping, Road Transport and Highways Minister reported. On the issue of LNG shipping guidelines that make it mandatory for a company bringing in LNG into the country to have 26 percent Indian participation. Source: www.business-standard.com

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