The Shipping Corporation of India Ltd.
The Shipping Corporation of India Ltd. (SCI) is an India-based shipping company. SCI's Bulk Carrier and Tanker Division (B&T) operates a fleet of vessels designed to carry dry, liquid and liquefied gaseous bulk cargoes. The division includes three segments: bulk carriers, tankers and specialized vessels. The Technical and Offshore Services (T&OS) Division of SCI provides technical and offshore services. During the fiscal year ended March 31, 2008 (fiscal 2008), the Company owned 20 bulk carriers comprising 15 Handymax and five Handysize vehicles. During fiscal 2008, the Company’s fleet included 79 ships.
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Asian shares fell broadly yesterday following the sharp losses in Wall Street. Japan's Nikkei index extended its falling streak for the third trading session to a 26-year low. In Seoul, Kospi slumped 3.2%. China market, which is said as one of the world's best performers, saw a most massive drop of 4.6% in Shanghai Composite Index. Hong Kong's Hang Seng Index dropped 2.9% with China-related stocks tracking movements in Shanghai.
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