SCI replaces aged fleet with fuel-efficient vessels
India's largest ship liner Shipping Corporation of India (SCI) now has a modern fleet with average age of 9.5 years against average Indian fleet age of 18.4 years, the Press Trust of India reported quoting Shipping Minister Mansukh Lal Mandavya. SCI has replaced most of its aged fleet and it has a modern and fuel efficient fleet and all vessels of SCI meet the latest regulations of IMO. SCI, which owns and operates around one-third of the Indian tonnage, restarted ship purchases last year, after a four-year hiatus. The company is also discussing a potential contract with Cochin Shipyard Ltd, also state-owned, for building three new AHTSVs. SCI’s oil fleet comprises 16 crude oil tankers, 14 petroleum product tankers, two liquefied petroleum gas (LPG) carriers and four very large crude carriers. It also runs four AHTSVs and three PSVs used to support offshore oil exploration activities.