In a landmark development that is set to revolutionise India’s maritime and energy sectors, Bharat Petroleum Corporation Limited (BPCL), a leading player in India’s energy sector, has signed a memorandum of understanding (MoU) with the Shipping Corporation of India (SCI) to establish a strategic partnership.
The agreement was signed by Mr Manoj Heda, executive director, International Trade and Risk Management, BPCL and Mr Atul Ubale, director Bulk Carrier and Tankers Division, in the presence of Mr Vetsa Ramakrishna Gupta, director, Finance, BPCL and Mr Dinesh Kutty DGM I/c Tanker Commercial SCI. This collaboration marks a significant step towards strengthening India’s global maritime presence, a key focus area of the Maritime Amrit Kaal Vision 2047 set by the Government of India.
This partnership is a step towards building a world-class shipping ecosystem that supports India’s growing energy needs. By working together, BPCL aims to create a dedicated, efficient and future-ready maritime infrastructure that will not only strengthen its supply chain but also contribute to India’s position as a global maritime leader.
During the signing of the MoU, Mr G. Krishnakumar, chairman and managing director, BPCL, said, “Our partnership with SCI is a step towards building a world-class shipping ecosystem that supports India’s growing energy needs. By working together, we aim to create a dedicated, efficient, and future-ready maritime infrastructure that will not only strengthen our supply chain but also contribute to India’s position as a global maritime leader. This collaboration is aligned with the Government of India’s vision for self-reliance and energy security.”
Key highlights of the partnership:
- Dedicated shipping network: BPCL and SCI will jointly develop a dedicated and efficient shipping network for the transportation of crude oil, gas, and petroleum products.
- Operational efficiency: The collaboration aims to improve operational efficiency, expand capabilities, and drive innovation in the maritime sector.
- Energy security: The partnership will ensure a secure and resilient energy supply chain, supporting India’s growing energy needs.
- Long-term commitment: The MoU represents a long-term commitment by BPCL and SCI to explore opportunities that enhance India’s maritime strength while ensuring a reliable energy transportation network.