Government-owned Shipping Corporation of India (SCI), plans to acquire three new container ships in the new year, and has set aside USD200-225 million to fund these purchases. These will be executed after securing the necessary board approval.
Presently, Shipping Corporation has a total fleet-strength of 76, which includes five container vessels. The shipping major decided to strengthen its fleet strength taking into account a visible pick up in the trade volumes in the recent past.
Reflecting the recovery and the corresponding revival in the export trades from Europe to Asia, shipments in the Europe-Asia trade route increased by 12.57% in October to 464,689 twenty-foot equivalent units (TEU), from 413,249 TEUs a year-ago.
crackcrack| Company Name | CMP |
|---|---|
| Shipping Corpn. | 247.50 |
| GE Shipping | 1343.60 |
| Dredging Corp | 909.80 |
| Seamec | 1528.20 |
| Shreeji Ship.Global | 341.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: