SCI to invest $400 mn for expansion

PUBLISHED ON: August 11, 2007 | Duration: 2 min, 01 sec

   
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Shipping Corporation of India (SCI) has set course on its largest expansion plan ever with 12 new vessels coming on board for more than $400 million.Even though fluctuating freight rates have hit profits recently, SCI is hopeful that the tanker freight market lead by crude oil supplies will support a strong capacity expansion.
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