Logistics

SCI plans to acquire 110 vessels by 2020

PTI New Delhi | Updated on March 07, 2011 Published on March 07, 2011

The Union Shipping Minister, Mr G.K. Vasan. (file photo)   -  The Hindu

Shipping Corporation of India plans to acquire 110 vessels of 5.21 million gross tonnage (GT) at an estimated cost of Rs 27,668 crore in the next 10 years, Parliament was informed today.

Among these vessels, SCI is likely to place orders for 26 vessels by 2011-12, the Shipping Minister, Mr G.K. Vasan, said in a written reply to Lok Sabha.

He added that the acquisition of these vessels would take SCI’s total tonnage to about 7.21 million GT by 2020.

Gross tonnage is a unitless index related to a ship’s overall internal volume and is calculated based on the moulded volume of all enclosed spaces of the ship.

The Minister further said that SCI has placed orders for 36 vessels so far against the target of acquiring 62 vessels in the 11th Five Year Plan, which includes acquisition of one resale vessel.

Of these, five vessels have been delivered while others are being built in different Indian, Chinese and South Korean shipyards, he said.

SCI currently has a fleet of 78 vessels of different types, having a total 3.19 million GT and a total carrying capacity of 5.61 million DWT (dead weight tonnage).

During the first nine months of the ongoing fiscal, the Navratna company carried a total cargo of 23.08 million tonnes plus 1.27 lakh TEUs, Mr Vasan said.

Dead weight tonnage (DWT) is a measure of how much weight a ship is carrying or can safely carry, while the twenty-foot equivalent unit (TEU) is an inexact unit of cargo capacity, used to describe the capacity of container ships and container terminals.

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Published on March 07, 2011
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