SCI to buy 3 container ships for $225 million

Presently, Shipping Corporation has a total fleet strength of 76, which includes five container vessels.

Taking into account a visible pick up in the trade volumes in the recent past, the shipping major decided to strengthen its fleet strength, the official said.
However, the SCI and its Geneva-based JV partner, MSC have not decided on whether the latter will co-fund the proposed acquisitions of three container vessels, the official added.

In May, SCI had entered into an agreement with MSC to run its European service.
“The discussions with our JV partner is on and it is too early to comment on the matter,” the official said.
Presently, the five container vessels of the corporation covers Far East, China, UK and the Middle East.
Press Trust of India