Starting February 2013, Shipping Corporation of India (SCI) decided to raise the freight rate on container cargo by 300 per Twenty Foot Equivalent Unit (TEU). The company raised the rate for ISE Service (Indian Subcontinent to Europe) applicable for the shipments from Indian Sub-continent to Europe, Mediterranean, Black Sea & Red Sea
Tag: Shipping Corporation of India
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SCI takes delivery of vessel
The Shipping Corporation of India received a high end diesel electric Platform Supply Vessel, ‘SCI Yamuna’ from the Cochin Shipyard (CSL).This is said to be the second and the last of the series of high tech Rolls Royce series of Platform Supply Vessel. SCI said that the earlier ships of the series delivered by CSL were performing exceedingly well and good reports have
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SCI may post losses in 2012-13
Some investment analysts expect Shipping Corp. of India (SCI) to incur losses in 2012-13 too because of depressed freight rates and a slowing global economy. The slowdown in world economy reduces trade and thereby hurts business prospects of shipping firms. In the quarter ended September 2012, the company posted a net profit of Rs 297 crore mainly because of an extraordinary item
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SCI posts net profit in Sept quarter
Extraordinary realisation helped Shipping Corporation of India (SCI) post a net profit of Rs 297.26 crore in the quarter ending September 30, 2012 against a net loss of Rs 1
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Maritime Agenda 2020: The awaited lift, finally
Reactive is better than non-active. The fact that the Maritime Agenda 2020 is the biggest documentation of our future vision in maritime ever is both heartening and concerning.