Shipping Corporation of India (SCI) has incorporated a wholly owned subsidiary ‘Inland & Coastal Shipping’ on September 29, 2016.
The company had set aside Rs 900 crore capex for FY17 even as business climate remains grim for the industry across globe mainly because of availability of low-priced assets in the market.
SCI 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.
