SCI acquires another MPSV 'SCI Saraswati'

Posted by Daily Shipping Times on 10-07-2017        Tweet

MUMBAI: The Shipping Corporation of India Ltd (SCI) has taken delivery of a secondhand Multi-purpose Support Vessel (MPSV) at Singapore on 07th July 2017 (Friday). The vessel has been named ‘SCI Saraswati’ and added to SCI fleet. The deadweight tonnage (DWT) of the vessel is 3,719 tonnes and the gross tonnage (GT) is 3,616. The vessel complies with DPS2 requirements and SPS 2008 code and has been dual classed with Indian Register of Shipping and American Bureau of Shipping.

SCI has acquired the resale Multi-Purpose Support Vessel (MPSV) from owner Emerald Marine Global Ltd., British Virgin Islands, on 07th July 2017. The vessel has been acquired after upgrading the vessel with heli-deck, higher capacity crane, lifeboats, FRC, etc. to strategically place the vessel in the offshore market and to serve the need of India’s Offshore / Research sector. This is the second MPSV in SCI’s offshore fleet; the first one ‘SCI Sabarmati’ was acquired in November 2016. SCI’s offshore fleet has now reached eleven vessels aggregating to 26,574 GT and 27,221 DWT.

On this new addition to SCI fleet, C&MD, SCI commented that the acquisition is in line with our plan to expand by way of secondhand / resale acquisitions. He also added that SCI is looking to increase its tonnage significantly with younger tonnage to ensure stable revenues over the longer term.