Shipping Corp of India mulls Singapore subsidiary for LNG

Singapore: The Shipping Corporation of India (SCI) is contemplating opening a subsidiary company in Singapore through which it will operate an unnamed foreign company's LNG carriers.

The unnamed company approached SCI with the business proposition, having been attracted by the firm's "costing and expertise", Arun Kumar Gupta, SCI's chairman and managing director, told the Press Trust Of India.

SCI is also managing three LNG vessels on behalf of Petronet LNG, India's state-owned oil and gas company.

“We are looking to restructure the liner division, and we will focus on LNG. In addition to the LNG ships we are running for (state-run) Petronet, we are looking to operate three home-built LNG carriers for (another state-owned) GAIL India Ltd," Arun Kumar Gupta told SeaShip's sister publication Maritime CEO last month. [8/12/14]

Read Maritime CEO's interview with Anil Gupta here.

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