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NEW DELHI: Soon after achieving Navratna status, state-owned Shipping Corporation of India (SCI) has planned an investment of about Rs 1,600 crore to enhance its carrying capacity substantially. The corporation is looking to buy four capesize ships, hav ing a carrying capability of 1 lakh tonnes each, for which it had invited international bids.

“We have got the bids and we are talking to the company which has offered the most attractive price'' a senior SCI official told PTI. Each vessel would cost about $90 million (around Rs 400 crore). However, the official declined to give the name of the top contenders for the order.

Capesize ships are cargo vessels too big to transit the Panama or the Suez canals, and must go around either the Cape of Good Hope or Cape Horn. These vessels typically have a cargo-carrying capability of 1 lakh tonnes. - PTI

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