The Shipping Corporation of India was established on October 2nd, 1961, by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Starting out as a marginal Liner shipping Company with just 19 vessels, the SCI has today evolved into the largest Indian shipping Company. The SCI also has substantial interests in various segments of the shipping trade. SCI’s owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, Phosphoric Acid / Chemical carriers, LPG / Ammonia carriers and Offshore Supply Vessels. Sailing through for nearly five decades, the SCI today has a significant presence on the global maritime map. As the country’s premier shipping line, the SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades.
In view of the demand from Indian trade, the SCI has diversified into a large number of areas. The SCI is today the only Indian shipping Company operating: break-bulk services, international container services, liquid/dry bulk services, offshore services, passenger services. In addition, the SCI mans and manages a large number of vessels on behalf of various government departments and organizations. The Government of India has conferred “Navratna” status to SCI on 01.08.2008 - enhanced autonomy and delegation of powers to the Company towards capital expenditure, formation of Joint Ventures, mergers, etc.
Business area of the company
The SCI possesses all the ingredients essential for emerging as a truly world class international shipping Company. The endeavour of the management is to facilitate the release of boundless energy and initiative streams, which will be channelled for the growth and prosperity of the Company and the nation.
Services
Awards
1993: Partnership-Cooperation-Growth
2005: Sign of Honour
2007: KEIC Export Credit Facility
2010: Sole Underwriter & Mandated Lead Arranger
2011: International Maritime Offshore Logistics
2011: Platinum Award
2011: The Tanker Operator Award
2011: The Education & Training Award
2011: The Corporate Social Responsibility Award
2012: Plaque of Appreciation
2012: Western India Regional Council Award
2012: BHP Award
2012: NIPM National Award for best HR Practices
2013: The Gateway Awards
2013: Charter Agreement
2013: Institute of Shipping
2013: Appreciation Award
2014: The Gateway Awards
2014: CMA CFO Award
2014: Maritime Training Institute of SCI, Mumbai
2014: Port Container Terminal Award
2014: Organization with Innovative HR Practices
2015: Samundra Manthan Award
2015: Most Influential CFOs of India Awards
2015: Samundra Manthan Award
2015: Samundra Manthan Award
2015: Cricket Match - Winner SCI vs CMT
2015: Silver Award
2015: Tennis Cricket Tournament Award
2016: 53rd National Martime Day
2016: Geological Survey of India
2016: O&M Contract Award
2016: 53rd National Martime Day
2016: CFO Award for Excellence
2016: GRE champion
2016: India CFO Award
2016: Most Influential CFOs of India Awards
2016: Institute of Public Enterprises - Women Super Achievers Award to Mrs. Sashikala Charles
2016: Most Compassionate Employer of Indian SEAFARERS Award
2016: 53rd National Martime Day
2016: 53rd National Martime Day
2017: India Seatrade Award
2017: Most Caring Award
2017: Guest of Honor Award
2018: Rolling Trophy for good governance
2018: Best Woman Employee
2018: Western India Regional Council Award
2018: India Maritime Awards
2018: India Maritime Award
2018: Cricket Match - Winner SCI vs CMT
2020: WISTA India Personality of the Year 2020 award - Mrs. H.K. Joshi, CMD, SCI
2020: Diversity & Equality Award - Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa
2020: SKOCH Award - Environment and Sustainability
2020: MaritimeSheEO2020-‘Best Practices in Diversity’
2020: TMSA- The Shipping Company of the Year
2020: Nautical Institute, London - Certificate of appreciation for Rescue Mission
2020: Nautical Institute, London - Crew Management during Pandemic -Certificate of Appreciation
2020: The National Union of Seafarers of India (NUSI)- highest number of women seafarers on Merchant Navy
2020: WIPS - Life Time Achievers Award, 2020 - Mrs. M.Shetty,CM
2020: WIPS - Best Enterprise Award
2020: CEO with HR Orientation - Mrs. H. K. Joshi, CMD-SCI
2020: World HRD Congress 2020
Milestones
1961: On October 2, The Shipping Corporation of India was incorporated by amalgamation of Eastern Shipping Corporation and Western Shipping Corporation as India’s first public sector company in shipping
1964: Diversified into crude oil transportation
1973: Jayanti Shipping Company merged with SCI
1975: Acquired the first Indian very large crude carrier (VLCC)
1975: SCI forms Irano Hind Shippping Company, a joint venture with the Islamic Republic of Iran Shipping Lines
1984: Diversified into offshore segment, acquired anchor handling cum towing supply vessels or Offshore supply Vessels (OSVs)
1986: Mogul Line Ltd. merged with SCI
1987: Set up its own Maritime Training Institute (MTI) in mumbai which is a regional training centre by UNCTAD
1987: MTI commissioned India’s first Global Maritime Distress Safety System (GMDSS) Laboratory
1991: Diversification into chemical tankers and cryogenic operations
1992: Disinvestment of 18.5% in favour of FIs, Mutual Funds, Banks and FIIs
1992: SCI’s scrip listed on major Indian Stock Exchanges
1993: Acquired Cellular Vessels to start Cellular Container Service
1994: Second divestment of 1.37% in favour of FIs, Mutual Funds and Banks
2000: Government of India Conferred ‘Mini Ratna’ status for enhancing the company’s Board powers for capital investment
2001: Diversified into LNG transportation through joint venture companies with consortium partners, Japanese Shipping Lines MOL, NYK and K-Line; Qatar Shipping Company, Qatar Gas Transport Company and Petronet LNG
2004: Completed International Ship & Port Facility Security Code (ISPS) certification of 70 ships well ahead of deadline
2005: Acquired the largest ship in India’s registry - Very Large Crude Carrier (VLCC) 316000 DWT
2005: First Indian Shipping company to cross the Rs. 1000 crore mark in Net Profit
2006: Crossed the Rs. 1000 crore mark in Net Orofit yet again
2006: ‘Excellent’ rating under MoU system consecutively for 16 years
2007: Rs. 1000 crore mark crossed in Net Profit for the third consecutive year
2007: Won the ‘Ship Owner Operator of the Year 2007’ Awards at the Sea Trade and Lloyds List ME&I Awards 2007
2007: Signed its biggest ever ship building order with Hyundai of Korea for 4 Aframax Crude Oil Tankers and 2 LR-II size Product Tankers
2008: ISO 9000 certification obtained
2008: Conferred ‘Navratna’ status by the Government of India
2008: Issued Bonus Shares in the ratio 1:2
2009: Commenced independent management of LNG tankers
2009: Awarded the ‘The Safest and Most Environmentally Conscious Indian Shipping Company’ on occasion of world Maritime Day 2009
2010: In November 2010, Further Public Offer (FPO) through 100% book building process, comprising of a ‘fresh issue’ of 42,345,365 equity shares and an ‘offer for sale’ (OFS) of 42,345,365 equity shares by the President of India. Post the disinvestment, the paid up capital increased to Rs.465.79 crore and the Government’s shareholding in SCI reduced from 80.12% to 63.75%.
2015: Compliance with Integrated Management System (IMS)for all ships and establishments (covering Environmental Management System, ISO 14001: 2004, Occupational Health and Safety Assessment System OHSAS 18001: 2007 and Quality Management System QMS 9001:2008) in December 2015.
2017: In April 2017, the then SCI’s total fleet strength of 70 vessels aggregating to 6.01mndwt. crossed the 6 mn dwt tonnage mark.
2018: SCI’s MPSV (multi purpsoe support vessel) “SCI Sabarmati” supports Indian Navy in sea trials of 1st DSRV(Deep Submergence Rescue Vehicle) of India.
2019: SCI expands horizon by entering into technical consultancy service to Govt. Dept. (A&N Administration) for disposal of vessel -m.v.'Akbar'
2019: Technical consultancy to SSNNL(Sardar sarovar Narmada Nigam Ltd.) for running ferry service at the world’s tallest statue- ‘Statue of Unity’.
2020: SCI recognized by the NUSI for employing the highest number of women seafarers in Merchant Navy
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