Shipping Corporation of India

The Shipping Corporation of India (SCI) (BSE: 523598NSE: SCI) is a Government of India Public Sector Enterprise with its headquarters in Mumbai[2] that operates and manages vessels that services both national and international lines.

Shipping Corporation of India
BSE: 523598NSE: SCI
Public Sector Undertaking
IndustryShipping
FoundedMumbai, 2 October 1961 (1961-10-02)
HeadquartersCorporate Centre,
Madame Cama Road,
Mumbai 400,021 India
Key people
Mrs H.K Joshi (Chairman and Managing Director)
Revenue₹39,026.9 million (US$550 million)[1]
Number of employees
6,242
Websitewww.shipindia.com

History
SCI Head Office at Nariman Point Mumbai

SCI was established on 2 October 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Two more shipping companies, Jayanti Shipping Company and Mogul Lines Limited, were merged with SCI in 1973 and 1986 respectively.[3]

SCI started out with 19 vessels. It gradually metamorphosed into a conglomerate having 80 ships of 5.9 million tonnes deadweight (DWT) with interests in different segments of the shipping trade.

SCI was also awarded the prestigious "Navratna" status by Indian Government in 2008.

On the 21st of November 2019, the Government of India approved the privatization of SCI.[4]

Services
  • Cruise liner and Passenger services
  • Bulk carrier and tanker services
  • Offshore services

Major clients

References
  1. "BSE Plus". Bseindia.com. Retrieved 2 February 2011.
  2. Archived 10 December 2008 at the Wayback Machine
  3. Archived 15 December 2009 at the Wayback Machine
  4. Arup Roychoudhury. "Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs | Business Standard News". Business-standard.com. Retrieved 13 May 2020.
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