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Great Eastern linked to bid for Shipping Corporation of India

Local media is reporting that Indian owner Great Eastern Shipping is like to submit a bid to acquire government-owned Shipping Corporation of India (SCI).

The Indian government has been readying the privatisation of SCI, inviting expressions of interest for its 63.75% stake in the company. Splash reported earlier of plans for a management buyout of the state-run line. All bids are due to be tabled within the next month.

SCI runs a fleet of 59 vessels consisting of two container vessels, 18 crude oil tankers, 15 dry bulk carriers, one LPG / ammonia carrier, two multipurpose vessels, eight offshore supply vessels and 13 product tankers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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