October 12, 2008

SCI to acquire 62 new vessels to replace older ones

Mr Thiru TR Baalu union minister of shipping, road transport and highways said that Shipping Corporation of India has planned to acquire 62 vessels during the 11th Five Year Plan to replace its existing ageing fleet and to augment the fleet of SCI.

Union government has already approved the proposals of SCI for acquisition of 18 vessels of various categories during 2007-08.