SCI to Buy 35 Ships

Monday, June 19, 2006
Reports indicate that Government owned Shipping Corporation of India (SCI) are planning to spend around $1.4h on acquisition of 35 vessels. The company is now aiming on energy transportation for growth. They already own around 82 ships but most of them are bulk carriers and tankers. SCI wants to now diversify into port operation and rail transport for further growth and expansion. Source: Techwhack

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