India Broadband Forum
Shipping Corporation of India to buy 35 ships
This is a discussion on Shipping Corporation of India to buy 35 ships within the News and Views from the Business World forums, part of the News and views category; Shipping Corporation of India to buy 35 ships Government owned Shipping Corporation of India has said that they are planning ...
| |||||||
| News and Views from the Business World Find breaking news, multimedia, reviews & opinion on business, sports, movies, travel, books, jobs, education, real estate, cars & more. |
 |
| LinkBack | Thread Tools | Display Modes |
06-25-06, 05:34 PM
| #1 |
 Join Date: Jan 2006 Location: New Delhi Age: 32
Posts: 4,700
Rep Power: 12  |  Shipping Corporation of India to buy 35 ships Shipping Corporation of India to buy 35 ships Government owned Shipping Corporation of India has said that they are planning to spend around $1.4 billion on acquisition of 35 vessels in 2006/07. 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. Chairman and Managing Director S. Hajara said in a statement on their upcoming plans: “We would like to be virtually in all LNG (liquefied natural gas) projects in the country and offshore services segment.” He added: “We will continue with our two joint venture in LNG transportation for now. But three-four years from now, we might enter LNG ourselves.” They might even consider buying second hand vessels to meet this target of acquiring 35 new ships. |
|  |
|
| Tags |
| buy, corporation, india, shipping, ships |
« Hyundai Porter to take on Tata Ace
|
Research claims online news readers more likely to shop on the net »
| Thread Tools | |
| Display Modes | |
Linear Mode
| |
Similar Threads | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Power Grid Corporation of India planning an IPO for expansion | Admin | News and Views from the Business World | 0 | 06-25-06 05:31 PM |
| State Bank of India promoting Debit cards in small cities in India | Admin | News and Views from the Business World | 0 | 06-25-06 05:23 PM |
| Skype in India | Admin | Voice over IP | 0 | 05-01-06 07:53 AM |
| Yahoo! India launches Yahoo! India Answers | Admin | News from the Tech and IT World | 0 | 04-27-06 04:40 AM |
| BCCI appoints GoAir as official carrier for India – England ODI Series | Admin | PR Releases Database | 0 | 03-26-06 01:10 PM |
All times are GMT +5.5. The time now is 07:29 PM.
