Shipping Corp. of India

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.