SCI in India will purchase 110 ships in the next 10 years.
according to the Indian shipping minister San on March 7, the Indian state-owned shipping company (SCI) plans to invest US $6billion in the next 10 years to order 110 new ships
according to Vasan, from 2011 to 2012, Indian state-owned shipping companies will apply the new price to order 26 new ships worldwide, and plan to expand the total capacity of the shipping company's fleet to about 7.2 million tons by 2020. According to the "Eleventh Five Year Plan" (2007-2012), the company has ordered 36 of the 62 new ships it plans to order. Five of them have been delivered, and the others that are in the process of faulty welding or open circuit should be re welded. Shipyards in China, South Korea and India should be built
India's wholly state-owned shipping company, the largest shipping company in India, currently has a fleet of 78 ships with a total transportation capacity of 5.61 million dwt due to high cost, and manages 69 ships on behalf of various government agencies
as of December 31, 2010, the freight volume of the wholly state-owned shipping company in India reached 23million tons in the first three quarters of the fiscal year 2010 ~ 2011
according to the early report of Indian state-owned shipping company, the net profit of the company jumped by 40% year-on-year to US $27.3 million in the quarter from October to December 2010
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