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 ...

Go Back   India Broadband Forum > General > General offtopic discussions > News discussions > News and views > News and Views from the Business World

India Broadband Forum


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.

                      

Reply

 

LinkBack Thread Tools Display Modes
Old 06-25-06, 05:34 PM   #1
 
Admin's Avatar
 
Join Date: Jan 2006
Location: New Delhi
Age: 32
Posts: 4,700
Rep Power: 12
Admin is just really niceAdmin is just really niceAdmin is just really niceAdmin is just really niceAdmin is just really nice
Default 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.
Admin is offline   Reply With Quote
Reply

Tags
buy, corporation, india, shipping, ships

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


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.


India Broadband Forum