11-08-2025
India State-Run Shipper to Buy Local Vessels in $2 Billion Deal
State-owned Shipping Corp. of India, the country's largest shipping line, is working on a plan to purchase 26 India-made ships for 198.2 billion rupees ($2.3 billion) as part of a government initiative to boost the domestic shipbuilding industry, according to people familiar with the matter.
The ships will have cumulative internal volume of 1.18 million gross tonnes, and delivery will be staggered over several years as they are completed, said the people, who weren't authorized to speak publicly.
