The Shipping Corporation of India (SCI) signed an MoU with Korea's Hyundai Heavy Industry for the purchase of 12 tankers.
SCI CMD B Hajara signed for six tankers, four Aframax crude oil tankers and two product tankers, making it the largest ever shipbuilding contract in terms of value - $ 400 million - signed by the corporation since its inception in 1961.
The other order for four Panamax bulk carriers and two container vessels will be formalized soon. With this deal, SCI’s order book stands at 18 vessels that will be delivered between October 2008 to April 2011. Thus by the end of this plan the current capacity of four million DWT will be doubled. The six vessels for which the deal was signed on Friday will be built at Hyundai's world class shipyard in Korea. They would be dual classed with American Bureau of Shipping & Indian Register of Shipping.
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