Shipping Corporation of India (SCI) has given physical delivery of its one product tanker m.t. ‘Bharatidasan' to its buyer. Recently, the company was planning to sell its two ageing vessels, a 25-year-old bulk carrier and a 20-year-old single hull tanker from its fleet of 79 ships this year.
The company has reported a loss of Rs 6.17 crore as compared to net profit of Rs 135.85 crore for the corresponding quarter last year. Its total income has decreased by 7.19% at Rs 933.47 crore for the quarter under review from Rs 1005.78 crore in the corresponding previous quarter.
The company has registered growth of 50.53% in its net profit for FY11 at Rs 567.35 crore as compared to Rs 376.91 crore for FY10. Its total income has increased marginally by 3% at Rs 4019.77 crore for the year from Rs 3902.69 crore in previous year.
Shipping Corporation of India (SCI) is India’s premier shipping line having a major presence on the global maritime map. The company is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.
