Shipping Corporation reports a loss of Rs 5.86 crore

Shipping Corporation of India (SCI) has reported unaudited results for the first quarter ended June 30, 2011.

The company has reported a net loss of Rs 5.86 crore for the quarter ended June 30, 2011 as compared to a net profit of Rs 191.49 crore for the corresponding quarter last year. Its total income increased by 3.24% at Rs 1040.33 crore for the quarter under review from Rs 1007.72 crore for the same quarter last year.

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.