Shipping corporation of india: The Shipping Corporation of India Ltd

The Shipping Corporation of India Ltd., a Navratna PSU, is inviting applications for the recruitment of various posts under Assistant Managers (E2 Grade) and Executives (E0 Grade). A public sector undertaking that operates and manages vessels servicing both national and international lines. It was established in 1961 and has interests in different segments of the shipping trade, such as cruise, bulk, tanker and offshore services. The Indian government is reportedly considering halting plans to privatize Shipping Corporation of India (SCI). This shift is driven by the need to handle global shipping route disruptions and reduce dependence on foreign vessels. SCI's Board has approved a Long-Term Business Plan, indicating steps to solidify future operations. The potential pause in privatization could enhance national security, improve trade resilience, align with self-reliance initiatives, and affect SCI's market position. 1961 On October 2 1961, The Shipping Corporation of India Ltd. was incorporated by amalgamation of Eastern Shipping Corporation and Western Shipping Corporation as India ’s first public sector company in shipping 1973 Jayanti Shipping Company merged with SCI 1984 Diversified into offshore segment, acquired anchor handling cum towing supply vessels or Offshore supply Vessels (OSVs)