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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.

Inside Companies: Shipping Corp pulls back expansion plans

State-run Shipping Corporation of India (SCI) wants to tread cautiously at a time when the company is sailing in choppy waters. Hence, the state run firm has revised its fleet augmentation plan to control cash outgo as it made losses of Rs 141 crore during the September quarter compared to a Rs 251 crore profit year-on-year.

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.

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.