Corporation of India (SCI) will collaborate with Inland Waterways Authority
soon to commence coastal shipping services, a company official said on
Saturday. The coastal shipping activities will be undertaken by its
wholly-owned subsidiary – Inland & Coastal Shipping Ltd.
We are commencing coastal shipping operations says ,” SCI chairman and
managing director HK Joshi
“We will announce
a collaboration with Inland Waterways Authority of India (IWAI) very soon. We
are commencing coastal shipping operations,” SCI chairman and managing director
HK Joshi said at a virtual event organised by Bengal Chamber of Commerce and
She said that
Inland & Coastal Shipping Ltd, a Kolkata-headquartered company, is likely
to start its operation on national waterway-1, the stretch from Varanasi to
Haldia on Ganga river. The proposed development assumes significance after
another state-run entity, Container Corporation of India, had discontinued its
coastal shipping operation, the industry sources said.
Coastal shipping accounts for only two per cent of the country’s freight
SCI has interests
in various segments of the shipping trade, and its fleet includes bulk
carriers, crude oil tankers, container vessels and passenger-cum-cargo ships.
At a time when exporters are facing a shortage of containers, Joshi emphasised
the importance of making the country self-reliant in terms of its availability.