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Tuesday, August 16, 2011

SCI takes delivery of Supramax bulk carrier

The Shipping Corporation of India (SCI) has accepted delivery of a Supramax bulk carrier, m.v.Vishva Malhar. SCI had in April signed contracts for acquisition of two Supramax bulk carriers on resale basis, which were originally contracted by Grand Yard Investment Pvt. Ltd., China and were under construction at Guoyo Ship yard. The first vessel, m.v.Vishva Vijeta, was delivered early last month.

This vessel has a gross tonnage of 33,032 tonnes and deadweight of 56,616 tonnes. It is classed with BV and IRS and has been built to comply with the latest and most stringent international regulations. The vessel is equipped with the latest camless electronic main engine. As a national carrier, SCI has been aiming to enhance its presence in India's ever increasing dry bulk trade by strengthening its bulk carrier fleet.

The prevailing downturn in the shipbuilding market has thrown up opportunities for acquiring tonnage at attractive prices, and the present acquisition is the result of SCI's preparedness to take advantage of such opportunities. With the addition of this vessel, the company's fleet strength has increased to 80 and its tonnage has attained a historic high of 5.81 million DWT. Acquisition of the vessel is in line with SCI's strategy of maintaining a modern and young fleet. SCI has 30 vessels on order at present and 11 of these are scheduled for delivery by the end of 2011.

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