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About SCI

About SCI

The Shipping Corporation of India Ltd.

  • 1961

    On October 2 1961, The Shipping Corporation of India Ltd. was incorporated by amalgamation of Eastern Shipping Corporation and Western Shipping Corporation as India’s first public sector company in shipping

  • 1973

    Jayanti Shipping Company merged with SCI

  • 1984

    Diversified into offshore segment, acquired anchor handling cum towing supply vessels or Offshore supply Vessels (OSVs)

  • 1961
  • 1964
  • 1973
  • 1975
  • 1984
  • 1986
  • 1964

    Diversified into crude oil transportation

  • 1975

    Acquired the first Indian very large crude carrier (VLCC)

    SCI forms Irano Hind Shippping Company, a joint venture with the Islamic Republic of Iran Shipping Lines

  • 1986

    Mogul Line Ltd. merged with SCI

  • 1987

    Set up its own Maritime Training Institute (MTI) in mumbai which is a regional training centre by UNCTAD

    MTI commissioned India’s first Global Maritime Distress Safety System (GMDSS) Laboratory

  • 1992

    Disinvestment of 18.5% in favour of FIs, Mutual Funds, Banks and FIIs

    SCI’s scrip listed on major Indian Stock Exchanges

  • 1994

    Second divestment of 1.37% in favour of FIs, Mutual Funds and Banks

  • 1987
  • 1991
  • 1992
  • 1993
  • 1994
  • 2000
  • 1991

    Diversification into chemical tankers and 
    cryogenic operations

  • 1993

    Acquired Cellular Vessels to start 
    Cellular Container Service

  • 2000

    Government of India Conferred ‘Mini Ratna’ status for enhancing the company’s Board powers for capital investment

  • 2001

    Diversified into LNG transportation through joint venture companies with consortium partners, Japanese Shipping Lines MOL, NYK and K-Line; Qatar Shipping Company, Qatar Gas Transport Company and Petronet LNG

  • 2005

    Acquired the largest ship in India’s registry - Very Large Crude Carrier (VLCC) 316000 DWT

    First Indian Shipping company to cross the Rs. 1000 crore mark in Net Profit

  • 2007

    Rs. 1000 crore mark crossed in Net Profit for the third consecutive year

    Won the ‘Ship Owner Operator of the Year 2007’ Awards at the Sea Trade and Lloyds List ME&I Awards 2007

    Signed its biggest ever ship building order with Hyundai of Korea for 4 Aframax Crude Oil Tankers and 2 LR-II size Product Tankers

  • 2001
  • 2004
  • 2005
  • 2006
  • 2007
  • 2008
  • 2004

    Completed International Ship & Port Facility Security Code (ISPS) certification of 70 ships well ahead of deadline

  • 2006

    Crossed the Rs. 1000 crore mark in Net Orofit yet again

    ‘Excellent’ rating under MoU system consecutively for 16 years

  • 2008

    ISO 9000 certification obtained

    Conferred ‘Navratna’ status by the Government of India

    Issued Bonus Shares in the ratio 1:2

  • 2009

    Commenced independent management of LNG tankers

    Awarded the ‘The Safest and Most Environmentally Conscious Indian Shipping Company’ on occasion of world Maritime Day 2009

  • 2015

    Compliance with Integrated Management System (IMS)for all ships and establishments (covering Environmental Management System, ISO 14001: 2004, Occupational Health and Safety Assessment System OHSAS 18001: 2007 and Quality Management System QMS 9001:2008) in December 2015.

  • 2009
  • 2010
  • 2015
  • 2017
  • 2010

    In November 2010, Further Public Offer (FPO) through 100% book building process, comprising of a ‘fresh issue’ of 42,345,365 equity shares and an ‘offer for sale’ (OFS) of 42,345,365 equity shares by the President of India.  Post the disinvestment, the paid up capital increased to Rs.465.79 crore and the Government’s shareholding in SCI reduced from 80.12% to 63.75%.

  • 2017

    In April 2017, the then SCI’s total fleet strength of 70 vessels aggregating to 6.01mndwt. crossed the 6 mn dwt tonnage mark.

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