Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Four yards keen to sell stakes to SCI

Four yards keen to sell stakes to SCI

Mumbai: Four shipbuilding companies have offered stakes to state-owned Shipping Corporation of India's (SCI) in their shipyard business -- Pipavav Shipyard, Bharati Shipyard, ABG Shipyard and Goodearth Shipbuilders. SCI had sought expressions of interest (EoIs) last week. ??"We have received proposals from four companies," said S Hajara, chairman and managing director, Shipping Corporation of India. SCI plans a backward integration in the shipping business by acquiring a minority stake in a private shipyard. ??It had requested EoIs from companies in the shipyard business to sell a minority stake. [11/10/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.