India State-Run Shipper to Buy Local Vessels in $2 Billion Deal

India State-Run Shipper to Buy Local Vessels in $2 Billion Deal

State-owned Shipping Corp. of India, the country’s largest shipping line, is working on a plan to purchase 26 India-made ships for 198.2 billion rupees ($2.3 billion) as part of a government initiative to boost the domestic shipbuilding industry, according to people familiar with the matter.

Shipping Corp of India eyes $2.3bn newbuild move at domestic yards

Shipping Corporation of India (SCI) is reportedly gearing up for a major newbuilding campaign, with plans to acquire 26 domestically built ships in a move tied to India’s broader push to scale up its national fleet and shipbuilding capacity. According to sources familiar with the scheme, the project is valued at about $2.3bn and would …

State-run SCI to buy 26 local vessels in $2 bn deal

MUMBAI : State-owned Shipping Corp. of India, the country’s largest shipping line, is working on a plan to purchase 26 India-made ships for ₹19,820 crore ($2.3 billion) as part of a government initiative to boost the domestic shipbuilding industry, according to people familiar with the matter.  The ships will have cumulative internal volume of 1.18 million gross tonnes, and delivery will be staggered over several years as they are completed, sai…

SCI to acquire $2.3 bn worth in India-built vessels - Maritime Gateway

State-owned Shipping Corporation of India (SCI) is planning to purchase 26 domestically built ships worth ₹198.2 billion ($2.3 billion) under a government push to boost the local shipbuilding industry, according to people familiar with the matter. The new vessels, with a combined capacity of 1.18 million gross tonnes, will be delivered in phases over several years. The order is part of a wider procurement wave by Indian companies in sectors such…