THE SHIPPING CORPORATION OF INDIA LIMITED 
By
The Shipping Corporation of India Ltd. (SCI) accepted
delivery of a Supramax Bulk carrier, "m.v. Vishva Vikas"
today, 26th March, 2012.
The vessel is the fifth vessel of SCI's six nos. Supramax
bulk carriers ordered at STX (Dalian) Shipbuilding Co. Ltd.,
China, which is part of the world renowned STX Offshore and
Shipbuilding group of Korea. Orders for these vessels were
placed in December 2007. The last vessel is scheduled to be
delivered to SCI in April 2012.
These vessels were ordered as part replacement of SCI's
existing Daewoo series Handymax bulk carriers which were
built in 1986/87. m.v. Vishva Vikas has a gross tonnage of
33,185 tonnes and deadweight of 57,127.8 tonnes. The vessel
has been classed with DNV and IRS and has been built to
comply with the latest international regulations.
The world economy is presently reeling under the recessionary
pressure; however, India has been continuing its growth
trajectory. Industrial and infrastructural development plays
a major role to sustain this growth. As a national carrier,
SCI has been aiming to increase its presence in India's ever
increasing dry bulk trade and strengthening its bulk carrier
fleet would help SCI contribute to this growth.
With addition of this vessel, SCI's fleet strength has
increased to 76 vessels of 5.56 million dwt. Acquisition of
this vessel is in line with SCI's strategy of maintaining a
modern and young fleet of vessels. Presently the company has
27 vessels on order of which 16 of them are scheduled for
delivery during 2012.
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| This press release was issued by The Shipping Corporation of India Ltd. and was distributed, unedited and unaltered, by noodls on 2012-03-27 14:32:40 PM. The issuer is solely responsible for the accuracy of the information contained therein. |
