Trade Resources Industry Views Shipping Corporation of India Accepted Its Latest Newbuilding

Shipping Corporation of India Accepted Its Latest Newbuilding

Exim News Service reported that the Shipping Corporation of India accepted delivery of its latest newbuilding, a Kamsarmax bulk carrier mv Vishva Jyoti on December 18th.

The vessel is the first in a series of four such bulk carriers ordered by SCI with Jiangsu Eastern Heavy Industries Company Ltd, China, in September 2010. The remaining three vessels are scheduled to be delivered during 2013 in a phased manner.

Earlier, in the H2 of 2012, SCI had accepted delivery of 4 Panamax bulk carriers from STX Shipyard in China. It had been predominantly operating smaller sized Handymax and Handysize bulk carriers in the past. With the delivery of these larger Panamax/Kamsarmax bulk carriers having higher cargo carrying capacity, it would be in a position to increase its exposure to India's import and export of dry bulk cargo. The vessels are suited for worldwide trading and can be alternatively deployed in cross trades depending on the opportunities available.

Vishva Jyoti has gross tonnage of 44,864 tonnes and deadweight of 81,894 tonnes. The vessel is dually classed with BV and IRS and has been built to comply with the latest and most stringent international regulations.

An official said that SCI has been striving to boost its presence in India’s ever increasing dry bulk trade. Strengthening the bulk carrier fleet would help it contribute to this growth.

With the addition of this vessel, SCI’s fleet now has 82 vessels of 5.94 million DWT. Acquisition of this vessel is in line with its strategy of maintaining a modern and young fleet. The company has 17 vessels on order at present.

Source: http://www.steelguru.com/indian_news/SCI_takes_delivery_of_Kamsarmax_bulk_carrier/296296.html
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Sci Takes Delivery of Kamsarmax Bulk Carrier
Topics: Transportation