Shipping Corporation of India readies scrap candidates

State-backed Shipping Corporation of India (SCI) is having a clear out of its older tonnage. India’s flagship carrier reported an interim loss this year and is anxious to make a quick turnaround.

The company has sent two boxships and two tankers for scrap so far this year, and local media report that SCI is earmarking further older ships to send for recycling in the coming months.

SCI has also made clear that along with the clear out it is in the market for younger ships to expand and reduce the average age of its fleet.

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.
Back to top button