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i-maritime News Service

SCI fleet size swells to 79 with Kamsarmax-class bulk carrier - 2013-05-23

State-run Shipping Corporation of India (SCI) has taken delivery of a Kamsarmax Bulk carrier taking its total fleet size to 79 vessels. The vessel christened " Vishva Chetna" has a gross tonnage of 44,864 tonne and is second of the four such ships ordered in 2010 from a Chinese ship builder, the company said in a statement.

So far, the company was operating the small-sized Handymax and Handysize bulk carriers whereas the Kamsarmax bulk carriers have larger carrying capacity. The Kamsarmax vessels were ordered as part of the replacement of the existing Daewooseries Handymax bulk carriers built in 1986 and 1987. The company's total tonnage goes up to 5.96 million and it has 15 vessels on order at present, said a statement issued by SCI.

It should be noted that globally, the shipping trade is going through turbulent times at present with many vessels struggling to get chartered and shipping companies getting burdened with over capacities.

Most of the current flab has been ordered in the period leading up to the start of the global slowdown in 2008, when shipping was booming.

Source: The Economic Times