Shipping Corporation of India (SCI) under pressure as the company Q1 earnings disappointed. In an interview to CNBC-TV18, Anoop Kumar Sharma, CMD of the company spoke about the results and his outlook for the company.

SCI hopes for better Q3 on strong tanker segment, expansion plan

In an interview with CNBC-TV18, Anoop Sharma, Chairman and MD of SCI, said the second quarter of this financial year was weak due to the decline in the earnings of the tanker segment. The offshore fleet was also not utilised due to the monsoon adding to the losses in the second quarter.

SCI vessel-share pact to help utilization: Shreyas Shipping

Shreyas Shipping has signed a vessel-sharing deal with Shipping Corporation of India, in which the two companies will jointly use vessels in their respective loops.

Will set up new subsidiary for inland waterways: Shipping Corp

BB Sinha, CMD, Shipping Corporation of India (SCI) says, the company will have more revenue days in the fourth quarter as only three ships were in dry docking compared to 9 ships in the third quarter.

Expect revenue, margins to remain same in Q3: SCI

Revenue came in majorly from the tanker business, AK Gupta, CMD of SCI said adding that Q3 will be on same lines as Q2 if the crude prices and demand remain the same.

China, low oil price, declining exports hurting biz: SCI

In an interview with CNBC-TV18, meltdown in China, declining oil price and low exports are hurting the company's business.

Fall in Baltic index to adversely impact Co, industry: SCI

The Baltic Dry Index, which tracks global freight rates for ships carrying dry-bulk commodities such as coal, iron ore and grains, has seen a fall of 32 percent. It fell from 1123 to 803 since start of December.

To improve infra, tonnage to support shipping industry: SCI

Going ahead, SCI will have to improve infrastructure and tonnage that supports shipping infrastructure, says company CMD AK Gupta.

Positive about Q3; will be able to maintain momentum: SCI

AK Gupta, chairman and MD, Shipping Corporation of India (SCI) details his company‘s second numbers. He is positive about the third quarter and says SCI will be able to maintain momentum.

Not exiting but looking at restructuring container biz: SCI

The country's largest ocean liner reported a net profit of Rs 49.60 crore for the first quarter ended June 2014. It had reported a net loss of Rs 98.70 crore during April-June quarter of the last fiscal.

Will meet operating expenses via freight hikes: SCI

AK Gupta, CMD, Shipping Corporation of India is looking to raise cash from other resources such as ship building orders. The company‘s current debt stands at around Rs 8,500 crore levels.

Offshore and liner to bring SCI back on track: BK Mandal

BK Mandal, CMD & Dir-Fin, Shipping Corporation of India (SCI) is of the view that though today shipping is facing a downtrend, and even big companies are posting losses, it is a passing phase.

SCI sees improvement in tanker segment; recovery in mid-'13

Shipping Corporation of India (SCI) Chairman S Hajara sees an improvement in the tanker segment, however, he says the demand-supply equilibrium is still remains very skewed.

Shipping biz to revive in FY13; No plans to diversify: SCI

SCI chairman-and-managing director S Hajara explains to CNBC-TV18 various facets of PSU‘s performance including the increase in the net loss to Rs 54.8 crore from Rs 5.9 crore.

Cancelled Iran shipment as P&I club refused to cover: SCI

Shipping Corporation of India declined to provide its tankers to Indian Oil Corporation (IOC) for lifting Iranian oil. In an interview to CNBC-TV18, S Hajara, chairman and managing director of SCI says, it cancelled the shipment as P&I club, which covers that particular vessel, refused to cover that Iran voyage.

2012 to be a very difficult year for shipping sector: SCI

In an interview to CNBC-TV18, S Hajra, chairman and managing director of Shipping Corporation says, 2012 is going to be a very difficult year for shipping. "I don’t think the situation will improve till maybe middle of 2013 or thereabout," he adds.

SCI order for 6 ships worth $17m each: ABG Shipyard

ABG Shipyard chief financial officer, D Datar, tells CNBC-TV18 that the order from Shipping Corporation of India is a very valuable order and that they are very happy to add them as a client.

Approval for government buyback not in agenda yet: SCI

Shipping Corporation of India (SCI) is one of the candidates for government buyback of shares. However, S Hajra, chairman and managing director of the PSU says that approval for a buyback is not on the board's agenda yet.

Shipping Corporation will buy re-sale vessels, says Hajara

State-run Shipping Corporation of India (SCI) will tread cautiously at a time when the company is sailing in choppy waters.

Caught in rough weather, Shipping Corp sees better H2FY12

In an interview to CNBC-TV18, S Hajra, chairman and managing director of SCI, spoke about the reasons behind the subdued demand and excess capacity in the industry.

Outlook for shipping industry may improve in 2012: SCI

S Hajra, chairman and managing director of Shipping Corporation of India (SCI) in an interview to CNBC-TV18 clarified that Shipping Ministry has not raised any concerns regarding SCI’s profitability.

Shipping Corp eyes stake in Bharti, Pipavav & ABG shipyards

Navratna public company, Shipping Corporation of India, is planning to buy stakes in shipyards like Bharti Shipyard and Pipavav Shipyard. In an interview with CNBC-TV18's Gautam Broker and Soniya Shenoy, S Hajra, chairman and managing director of Shipping Corporation of India spoke about the company's stake buying ventures.

Freight rates likely to stabilise by mid-2012: SCI

S Hajara, the chairman and managing director of Shipping Corporation of India (SCI) in an interview with CNBC-TV18 fuel cost comprise of a very large percentage of the operating expense and hence the container rates were restored to cover these expenses.

Small shipowners will benefit from budget: Shipping Corp

In an interview with CNBC-TV18, S Hajra, CMD, Shipping Corporation of India gave his perspective on the budget and also spoke on the unmet demands of the shipping industry in the budget.

See shipping demand-supply picking up from 2012: SCI

In an interview with CNBC TV-18, S Hajra, CMD of Shipping Corporation of India said that it expects shipping demand-supply equilibrium to pick up from 2012 onwards.