Job Search
 
 
  CV Search
 
 
  News
Govt to prepare roadmap to double marine exports Said Prabhu
  
ISL Announced as Silver Sponsor of India Dry Bulk Cargo Summit 2018
  
Indian Government initiatives to support shipping industry in coming time
  
India Blacklists Two UAE Companies for Abandoning Seafarers
  
The Nautical Institute Issues New Guidance for Polar Shipping
  
 
 

Maritime News

Shipping Corporation of India may hive-off offshore business into separate unit

 

Shipping Corporation of India, the country's largest shipping firm by fleet size, will hive-off its offshore business into a separate subsidiary in a bid to cash on the lucrative sector at a time when the domestic industry is in rough weather. "Talks are on at the moment to hive-off the offshore division into a separate subsidiary. The offshore sector is always a safe bet as it is not as volatile as the general shipping business," said Sunil Thapar, head of tanker and bulk sector, SCI. Globally, shipping industry has been witnessing one of its worst business cycles with plummeting Baltic freight rates and rising cost of bunker fuel. Several Indian shipping companies including Great Eastern Shipping, Essar Shipping and Global Offshore have increased investment in offshore segment where revenue has been more consistent than general shipping business.

With offshore oil exploration activities within India and abroad on the rise a large number of vessels are required to provide logistical support. Chartering of such vessels, usually on a long-term basis, provides consistent revenue stream and Indian companies have been adding offshore support vessels to tap the potential in this market. As part of its expansion plan, SCI will also look into alternate areas of operations, such as shipyards and terminal operations. "In bulk and tanker division, the outlook is not positive at the moment. We can only see the shipping sector recover and stabilise by 2013. But there are many opportunities for us in shipyards and terminal operations and we will be looking for partners in all these areas," said Thapar. The company currently has three units - bulk, liner and offshore.

 Date: 13 Aug 2011                                                                          Source: Indiatimes

 

 

 Featured Company
Swar India Shipping Services Pvt. Ltd,India Quadrant Maritime Pvt Ltd,India Glance One Ship Management Pvt. Ltd.,India
Oath Marine Services Pvt Ltd,India MARVIN INTERNATIONAL SHIP MANAGEMENT,India Rassiya Shipping Services Pvt Ltd,India
Mr.Sushant,India Summai Shipping Pvt.Ltd.,India MMS Maritime (India) Pvt.Ltd,India
AMSWAY SHIP MANAGEMENT PRIVATE LIMITED,India AG. MARITIME PRIVATE LIMITED,India Pelorus shipping pvt.ltd,India
Vertitide Ship Management Pvt.Ltd.,India Seashell Marine Service Pvt. Ltd,India East India Shipping Agency,India
Campbell Shipping Pvt. Ltd.,India Phelix Shipping Ventures Pvt. Ltd,India I-Marine Infratech (India) Pvt. Ltd,India
Coastal Shipping Links(India) Pvt.Ltd,India DMC SHIP MANAGMENT PVT LTD ,India Unimar Marine Services Pvt. Ltd.,India
Three Bees Shipping Pvt. Ltd,India Ocean Glaxy Marine Pvt. Ltd.,India VR MARITIME SERVICES PVT LTD,India
Seaprime Marine Mgmt Pvt.Ltd,India sarwamangla Marine Pvt Ltd,India Twilight Shipping,India
Indocean Maritime Services Pvt Ltd,India Valaf DMCC,India Lilly Maritime Pvt. Ltd.,India
Neptune Ship Management ,India Nimbusmaritime Service,India MMS Americas LLC,India
Amag Ships Pvt. Ltd.,India Blue Whale Maritime,India RAMAN MARITIME ACADEMY PVT. LTD.,India
DEMENTUS SHIP MANAGEMENT INDIA PVT LTD,India Eklavya Ship Management,India Penta Crystal Ship Management,India
Oceanic Shipping Services Private Limited,India Synergy Maritime Recruitment Services Pvt Ltd,India MAERSK ,India
SeaJobhunt,India APAC Marine Services Pvt. Ltd,India Angel Maritime (India) Services ,India
Albatross  Marine Services  ,India AET Shipmanagement (India) Pvt. Ltd,India Adani Shipping (India) Pvt. Ltd,India
Helm Shipping Management Private Limited,India SHRI MAHAVIR MARINE SERVICES PVT LTD,India Ind-Aust Maritime Pvt. Ltd,India
Bridgeview Maritime Pvt.Ltd,India Calm Seas Shipping and Maritime Services Pvt.ltd,India Ad Ship Management pvt. Ltd,India
Tristarr Maritime And Shipping Private Limited,India

Copyrights © 2012 seajobhunt.com
Terms and Conditions  -   Sitemap  -   Private Policy  -   FAQ  -   Contact Us
Site By : Pheunix