SCI to acquire five ships

As per reports, steps are being taken by the Shipping Corporation of India (SCI) to acquire five ships. With an approximate investment of Rs 20 billion, all ships are second-hand and of various types. The board of the national carrier has granted in-principal approval for the purchase of these ships by March 31, 2024. These ships include a very large gas carrier, a medium-range tanker, a container ship with a capacity exceeding 9,000 twenty-foot equivalent units (TEUs), a platform supply vessel, and an anchor handling, towing, and supply vessel. Currently, the SCI operates a fleet of 59 ships of various types, with one product tanker slated for scrapping.