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New Delhi tells Shipping Corp of India to order ships

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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