India’s largest shipowner should order new ships, a parliamentary panel on transport has recommended.
State-run Shipping Corporation of India (SCI) has a fleet of 69 ships, whose average age is deemed too old to trade profitably, the panel suggested.
“If the international market situations are viable, they may go for purchasing new fuel-efficient vessels in place of the old ones,” the panel said in its latest report.
“The committee understands that some of the ships owned by SCI are aged and needed to be phased out,” it said.
The panel also suggested SCI should expand its breakbulk and project cargo business.