Shipping Corporation of India acquires secondhand suezmax

Shipping Corporation of India acquires secondhand suezmax

The Shipping Corporation of India (SCI) has announced that it has signed an agreement with Liberian company Fidelity Shipping Corporation for the acquisition of a 158,710 dwt suezmax tanker at an undisclosed price.

State-run SCI has been rejuvenating its outdated fleet, and has slashed its age by almost a half in 2017 so far.

“SCI has replaced most of its aged fleet and it has a modern and fuel efficient fleet with an average age of 9.5 years as on March 2017 compared to average Indian fleet age of 18.4 years,” India’s shipping minister Mansukh Lal Mandavya said in a press conference last month.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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