AsiaGasOffshore

Shipping Corp of India boss remains cautious

Shipping Corporation of India (SCI), the state-run line, has a very limited outlay for new vessels for fiscal 2017, and has no intention of resurrecting a joint venture with Iran.

Speaking with local press, SCI’s chairman and managing director BB Sinha said newbuild budget for the next financial year would be set at just $105m, with a focus on gas and offshore vessels.

SCI has no ships on order at present and Sinha, still relatively new to the top posting, is cautious about adding more tonnage.

Moreover, despite much media speculation to the contrary, Sinha has stressed he has no plans to resurrect Irano Hind Shipping Company, a joint venture with Iran. With sanctions being lifted on Iran, there were reports the venture could be rekindled.

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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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