The Shipping Corporation of India (SCI) is a company owned by the Government of India

Government of India

The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...

 based out of Mumbai

Mumbai

Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...

 that operates and manages vessels that services both national and international lines.

History

SCI was established on October 2, 1961 by the amalgamation

Consolidation (business)

Consolidation or amalgamation is the act of merging many things into one. In business, it often refers to the mergers and acquisitions of many smaller companies into much larger ones. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group...

 of Eastern Shipping Corporation and Western Shipping Corporation. Two more shipping companies, Jayanti Shipping Company and Mogul Lines Limited, were merged with SCI in 1973 and 1986 respectively.

SCI started out with 19 vessels

Ship

Since the end of the age of sail a ship has been any large buoyant marine vessel. Ships are generally distinguished from boats based on size and cargo or passenger capacity. Ships are used on lakes, seas, and rivers for a variety of activities, such as the transport of people or goods, fishing,...

. It gradually metamorphosed into a conglomerate

Conglomerate (company)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

 having 83 ships of with interests in 10 different segments of the shipping trade.

About SCI

Starting out as a marginal Liner shipping Company with just 19 vessels, the SCI has today evolved into the largest Indian shipping Company. The SCI also has substantial interests in various segments of the shipping trade. SCI’s owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, Phosphoric Acid / Chemical carriers, LPG / Ammonia carriers and Offshore Supply Vessels. Sailing through for nearly five decades, the SCI today has a significant presence on the global maritime map.

Recent contracts

• On 17 September 1991 SCI signed Contracts with STX Shipbuilding Co. Ltd. of South Korea
  South Korea
  The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
  
   for building and delivering six Newbuilding LR-I Product Tankers. This is the largest shipbuilding contract in terms of value, signed by SCI since its inception.
• On 14 November 2006, SCI signed Contracts with Hyundai Samho Heavy Industry
  Hyundai
  Hyundai ) is a global conglomerate company, part of the Korean chaebol, that was founded in South Korea by one of the most famous businessmen in Korean history: Chung Ju-yung...
  
  , of South Korea for building and delivering two Newbuilding 4,400 TEU Container Vessels. The deliveries of these vessels are scheduled by the end of November 2008.

Fleet

The SCI operates a fleet of 84 vessels (January 2006) totaling . It also manages 53 vessels (January 2006) totaling on behalf of various Government Departments and other organizations

Services

• Liner and passenger services
• Bulk carrier and tanker services
• Offshore services
• Liquefied Natural Gas

Major clients

• Indian Oil Corporation Ltd.
• Bharat Heavy Electricals Ltd.
• Steel Authority of India Ltd.
• Oil & Natural Gas Corporation Ltd.
• Reliance Industries Ltd.
• Bharat Petroleum Corporation Limited
• Hindustan Petroleum Corporation Ltd.
• British Petroleum
• British Gas.
• Shell