Source: Livemint.com - Shipping Corp. of India Ltd (SCI), India’s biggest ship owner by fleet size and revenue, will buy seven ships costing $661.3 million (Rs.2,942.78 crore) as part of a plan to expand capacity, two persons familiar with the plan said.
The purchase will include four oil super tankers, or so-called very large crude carriers, each with a capacity to carry as much as 318,000 tonnes of crude oil, and three container ships, each with a capacity to load 6,500 standard cargo containers.
The oil super tankers will be constructed by Jiangsu Rongsheng Heavy Industries Group Co. Ltd, one of China’s largest private shipbuilders, for $104.95 million each. The cost of constructing an oil super tanker from scratch had touched $160 million in early 2008, when the shipping market was at its peak.
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