Latest news with #ShippingCorporationofIndia
The Hindu
3 days ago
- Business
- The Hindu
From The Hindu, July 29, 1975: Cargo booking by Railways to Sri Lanka likely
Tiruchi, July 28: Cargo booking by the Indian and Sri Lanka railways through Rameswaram and Talaimannar is likely to be resumed shortly. Preliminary discussions in this connection between officials of the Sri Lanka Railways and the Southern Railway were held here to-day. Mr. V.T. Navaratne, General Manager, Mr. G.P.S. Weera Suriya, Operating Superintendent, and Mr. C. Nadarajan, Chief Commercial Superintendent of the Sri Lanka Railways, Mr. B. Natarajan, Chief Commercial Superintendent representing the General Manager of the Southern Railway and his colleagues participated in the discussions. The Emigration and Immigration Officers, Customs officials, Mr. Narayanaswamy of the Shipping Corporation of India, Mr. M.N. Balasubramanian, Divisional Superintendent, Southern Railway, Madurai Division also took part in the discussions. Following the cyclone in 1965 which blew off the Danushkodi pier, goods booking between the Indian and Sri Lanka Railways was suspended. While the booking of passenger traffic at Talaimannar and Rameswaram continued the Railways have not been booking cargo bound for Sri Lanka which are being routed through ships. At the conclusion of the discussions, Mr. Navaratne said that before 1965 Sri Lanka used to receive over 73,000 tonnes cargo every year by Railway booking. With just three hours for the streamer to cross the sea — a distance of 27 miles — there was very good booking from the southern districts of Tamil Nadu to Sri Lanka. The General Manager said, the pattern of cargo has now been completely changed and the Sri Lanka Railways was anxious to provide quick service for the movement of engineering and industrial goods from India to Sri Lanka through Railway booking.
Time of India
19-07-2025
- Time of India
Family alleges foul play in merchant navy cadet death
Indore: The mysterious death of a 23-year-old merchant navy cadet, Nikhil Shukla, at Bamniya Kund in Indore has raised serious questions, with the family alleging foul play and urging authorities to initiate a criminal investigation. Tired of too many ads? go ad free now The father of Nikhil Shukla, Anjul, called DSP Umakant Choudhary on Saturday and requested that a fresh inquiry be started and a case of murder be registered. He said that he found injury marks on Nikhil's body and suspected foul play in his death. Simrol police are now waiting for a diatom test, which will determine if he died by drowning. DSP Umakant Choudhary said, "The case is still under investigation and it has not been closed. If we get any evidence which supports their claims, an FIR will be registered." Nikhil, a navigating officer cadet with Shipping Corporation of India, recently completed sea time on three ships and appeared for his Second Mates' examination in Mumbai on July 1. A day later, he travelled to Indore along with a friend, intending to return home to Delhi. However, on July 3, he went on a road trip to Lodhiya Kund waterfall near Simrol along with that friend and two others. According to his parents, Anjul and Seema Shukla, Nikhil was in constant communication with his friend Saakshi throughout the trip. He was sharing videos and live location updates until 7:25 pm on July 3. Communication ceased after that. At around 11:26 pm, one of the friends messaged Saakshi claiming that Nikhil had "gone into the water flow and is not alive." The family claims they were not informed directly and were left to gather details through Nikhil's contacts. Tired of too many ads? go ad free now "We received a message nearly 30 minutes after he asked for our number, saying Nikhil was in an ambulance and had died. The responses we got were evasive and inconsistent," said Anjul. The family alleges that the three friends left the hospital before they arrived and have since avoided communication. The police were reportedly informed that Nikhil drowned around 6 pm while bathing. However, the family asserts that he was alive and communicating at least until 7:25 pm, contradicting the account given. "Nikhil, a trained swimmer, could not have drowned in a shallow stream," said Anjul. They further claim that post-incident photos and videos indicate visible injuries inconsistent with drowning — including head injuries, swelling, and bruises. "The trauma visible on his body demands urgent investigation. No FIR has been registered, and we are still waiting for the detailed forensics report, including viscera and diatom," he said. The family has submitted digital evidence — including call logs, chats, location data, videos, and images — to authorities via a Google Drive link and demanded that the verification of mobile call logs and GPS data be done. They are calling for forensic and post-mortem analysis of the injuries, examination of CCTV footage, eyewitness statements, and questioning of all individuals who accompanied Nikhil that day. "Our son's death cannot be brushed aside as an accident," he said. Despite the family's detailed submission, the complaint remains pending formal registration.
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Business Standard
07-07-2025
- Business
- Business Standard
Shipping Corporation shares rise 5% in trade; here's what's boosting rally
Shipping Corporation of India (SCI) shares climbed 4.5 per cent in trade, logging an intraday high at ₹231.45 per share. At 9:45 AM, Shipping Corporation shares were trading 4.29 per cent higher at ₹230.85 per share on the BSE. In comparison, the BSE Sensex was flat at 83,435.09. The company's market capitalisation stood at ₹10,752.97 crore. Its 52-week high was at ₹384.8 per share and 52-week low was at ₹138.25 per share. Why were SCI shares buzzing in trade? The northward movement in the stock came after the company executed a Memorandum of Agreement (MoA) for the acquisition of two second-hand Very Large Gas Carriers (VLGCs). SCI informed investors about the development after market hours on Friday. "SCI has executed a Memorandum of Agreement (MoA) on July 4, 2025, for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) having a cargo carrying capacity of approximately 82,000 CBM," the filing read. These two VLGCs are expected to be inducted into the SCI's fleet during the current quarter of FY 2025–26, exchange filing added. Track Stock Market LIVE Updates SCI Q4FY25 result details In the quarter ended March 31, 2025, the company reported consolidated net profit at ₹185.14 crore, as compared to ₹307.28 crore a year ago. Its revenue for the quarter under review stood at ₹1,325.2 crore, as compared to ₹1,412.5 crore a year ago. Total expenses for the quarter stood at ₹1,242 crore as against ₹1,286.5 crore a year ago. About Shipping Corporation of India The Shipping Corporation of India (SCI), a Navratna public sector undertaking under the Ministry of Ports, Shipping and Waterways, is an Indian shipping company with a presence across all major segments—tankers, bulk carriers, containers, offshore vessels, break-bulk operations, and coastal and passenger services. SCI's vision is to be India's primary flag carrier for overseas and coastal trade and a leader in global maritime logistics, while its mission emphasises maintaining its 'Numero Uno' position in Indian shipping.
Business Standard
04-07-2025
- Business
- Business Standard
Shipping Corporation to induct two second-hand Very Large Gas Carriers
As part of Shipping Corporation of India's (SCI) business expansion plans and to augment the Company's tonnage capacity, SCI has executed a Memorandum of Agreement (MoA) on 04 July 2025 for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) having a cargo carrying capacity of approximately 82,000 CBM. These two VLGCs are expected to be inducted into the SCI's fleet during the current quarter of FY 2025-26.
Business Upturn
02-07-2025
- Business
- Business Upturn
GE Shipping, Shipping Corporation of India and other shipping stocks in focus as Iran reportedly planned to mine the Strait of Hormuz
Shares of shipping companies like The Great Eastern Shipping Company (GESHIP), Shipping Corporation of India (SCI), and other maritime logistics firms are in focus after fresh geopolitical tensions emerged in the Middle East. According to a Reuters report, Iran reportedly loaded naval mines onto vessels in the Persian Gulf last month. This activity, which followed Israeli missile strikes on Iranian sites on June 13, has raised alarms in Washington about a potential attempt by Tehran to block the Strait of Hormuz. The narrow waterway is a critical global energy corridor, with nearly 20% of the world's oil and gas shipments passing through it. Although the mines have not yet been deployed, US intelligence officials view the move as a serious signal. Any disruption in the strait could severely affect global shipping and crude oil logistics, potentially impacting freight rates and boosting the earnings outlook for select shipping players. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash GESHIPShipping Corporation of India Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
