Fleet expansion of 59 vessels under oil & gas JV
Demand aggregation for 59 vessels identified; JV under ministry consideration.
Shipping of India · forward-looking guidance across the available source record.
Guidance tracker
Demand aggregation for 59 vessels identified; JV under ministry consideration.
JV with CONCOR and ports; SCI to hold ~30% stake; vessels to be added over 5 years up to 2047.
Management targets 10-12% IRR on new projects; will not proceed if below threshold.
Will purchase secondhand vessels in near term and order new builds in India for delivery in 2+ years.