Shipping Corporation inks pact to buy 5 vessels

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

20 Nov 2010

Shipping Corporation of India announced that has signed 2 shipbuilding contract. The company has signed contract with Jiangsu Rengsheng Heavy Industries Co for acquisition of 2 nos. Very Large Crude Oil Carriers (VLCCs) of about 317,000 DWT each.
It has also signed contract with STX (Dalian) Shipbuilding Co for acquisition of 3 Cellular Container vessels of 6500 TEU capacity.
Shares of the company declined Rs 5.25, or 3.15%, to trade at Rs 161.60. The total volume of shares traded was 42,499 at the BSE (1.31 p.m., Friday).

Source: IRIS