In many ways, there are similarities between Great Eastern Shipping (GE) and Shipping Corporation of India (SCI). Both are great survivors of the Indian shipping industry. Despite turbulent times in global markets, both the companies continue to hold their heads above water.
One reason for this is that they have well diversified fleets. Take a look at the fleet that GE has. It has crude oil carriers, product carriers, LPG carriers and dry bulk carriers. Collectively, it has 49 ships which account for 3.98 million DWT (dead weight tonnage).
SCI too is well diversified. It too has tankers (for crude oil, products, LPG, LNG, and VLCCs). It has bulk carriers, liners and offshore supply vehicles. Collectively, it has 63 vessels with a combined DWT of 5.68 million tonnes. But some of its vessels are quite old and are now being scrapped. Read More
Latest posts by Moneycontrol.com (see all)
- Crude oil prices to slowly gather pace on improving fundamentals - January 19, 2019
- Torrent group to invest Rs 10,000 cr in Gujarat: Chairman - January 18, 2019
- IRB Infra to start work on Rs 2,043-cr highway project in Gujarat - January 18, 2019