Shipping Corp. of India

The Shipping Corporation of India is the largest Indian shipping company, established in 1961 through the merger of Eastern Shipping Corporation and Western Shipping Corporation. The Mumbai-based, state-owned company provides break-bulk services, international container services, liquid/dry bulk services, offshore services, and passenger services. The company owns and operates around one-third of the Indian tonnage, and serves both national and international trades.

The company recorded revenue of $744.5 million for fiscal year 2013-14, up 1 percent year-over-year. The company also recorded a net loss of $46.4 million, up from the previous year’s net loss of $19.3 million.

SCI operates 3 container shipping service routes and owns 5 container vessels. The Indian Subcontinent Europe service covers Mundra, Nhava Sheva, Colombo, Salalah, Gioia Tauro, Felixstowe, Hamburg, and Antwerp. The Far Eastern Services link India’s West Coast to China, South Korea, Hong Kong, Singapore, and Malaysia. The Middle East India Liner Express Service connects India and the Indian Subcontinent with the West Asia Gulf region.

21 Nov 2017
Authorities are working toward a “hub-and-spoke system” for domestic cargo distribution through private participation.
08 Nov 2017
It is the second consecutive quarter that produced a negative performance for the top carrier.
02 Nov 2017
The upgrade began with an Oct. 26 call.
22 Aug 2017
Coastal cooperation with domestic peers could be a major driver of that liner turnaround.
29 May 2017
Earnings nosedived across all of the business segments on India's largest shipping line.
14 Feb 2017
The national carrier returned to profitability in the third fiscal quarter.
17 Nov 2016
State-owned Shipping Corporation of India swung to a net loss in the second fiscal quarter.
Shipping Corporation of India, a ship of which is pictured, and Shreyas Shipping and Logistics blamed weak demand and freight rates for their first-quarter peformances.
23 Aug 2016
Shipping Corporation of India and Shreyas Shipping and Logistics could not increase profits in the first fiscal quarter as they teamed up to corner coastal demand.