Crisis in the Red Sea slows down plans of the Shipping Corporation of India to create additional used tonnage

Shipping Corporation of India Faces Challenges in Fleet Expansion Amid High Demand

The booming market scenario in the shipping industry due to the diversion via the Cape of Good Hope has led to a high demand for container ships and bulk carriers. Despite SCI’s plan to expand its fleet with six vessels, including container ships and tankers, fleet owners have been reluctant to respond to their requests for additional second-hand tonnage.

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