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.