Job Search
 
 
  CV Search
 
 
  News
Will the trade war derail the dry bulk markets recoverywhat if It certainly can
  
World Cup Countries Crude Tanker Demand
  
Tanker Market Still Looking for Recovery Signs
  
Dry Bulk Market: Capesize Index Shows Further Improvement
  
Posidonia 2018 Special: TV Interviews by Hellenic Shipping News Worldwide
  
 
 

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
TEJAS MARITIME PVT. LTD. ( MAC SHIP DESIGN AND CONSTRUCTION PRIVATE LIMITED ),India DP SHIP MANAGEMENT PVT. LTD,India BELLFRANC ALLIED SERVICES PRIVATE LIMITED,India
Sea blue marine,India Trinitas Ship Management Private Limited,India Nams Ship Management Pvt.Ltd,India
vencen marine solution,India SS Maritime Services,India Mariners Community Ship Management Private Limited,India
Oceanic Star Shipping Pvt. Ltd. ,India Tapti Waterways Private Limited,India Naz Maritime Services Pvt.Ltd.,India
Swar India Shipping Services Pvt. Ltd,India Quadrant Maritime Pvt Ltd,India Tangar 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
Seashell Marine Service Pvt. Ltd,India East India Shipping Agency,India Campbell Shipping Pvt. Ltd.,India
Phelix Shipping Ventures 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 gwl maritime services india pvt ltd ,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
Helm Shipping Management Private Limited,India SHRI MAHAVIR MARINE SERVICES 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