The Shipping Corporation of India Ltd. (SCI) accepted
delivery of a
Panamax Bulk carrier, m.v. Vishva Vijay today,
25th October, 2012.
The vessel is the third of the series of the four Panamax
bulk carriers ordered by SCI with STX (Dalian) Shipbuilding
Co. Ltd., China. Orders for these vessels were placed in
August 2008.
These vessels were ordered to replace SCI's Daewoo series
Handymax bulk carriers which were built in 1986/87 and have
been recently phased out. These vessels are of higher
capacity of over 80,000 dwt each, compared with conventional
Panamax vessels which are of about 75,000 dwt.
"m.v. Vishva Vijay" has a gross tonnage of 44,010 tonnes and
deadweight of 80,312 tonnes. The vessel is dually classed
with LR and IRS and has been built to comply with the latest
and most stringent international regulations.
India is one of the growth drivers for the world economy
recording impressive GDP growth compared to the developed
economies. Industrial and infrastructural development plays a
major role to sustain this growth. As a National carrier, SCI
has been aiming to increase its presence in India's ever
increasing dry bulk trade and strengthening the bulk carrier
fleet would help SCI contribute to this growth.
With the addition of this vessel, SCI's fleet strength stands
at 79 vessels of
5.77 million dwt. Acquisition of this vessel is in line with
SCI's strategy of maintaining a modern and young fleet of
vessels. The Company has 20 vessels
on order at present out of which 5 vessels are scheduled for
delivery by the end of 2012.
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