SCI Joins PSU Refiners to Operate Joint Crude Tanker Fleet

24 Sep 2025 CW Team

Shipping Corporation of India Ltd (SCI) has signed a Memorandum of Understanding (MoU) with three state-owned refiners to jointly operate a fleet of crude oil tankers, strengthening India’s energy security.

Under the agreement, SCI, Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation Ltd (IOCL) will acquire, own, operate and manage vessels collectively, according to SCI’s regulatory filing.

“These vessels will serve both international trade and coastal transport of petroleum, petroleum products, petrochemicals and other hydrocarbon cargoes,” SCI stated.

The collaboration supports the Government’s Atmanirbhar Bharat initiative, aiming to expand domestic shipping capacity and ensure a secure energy supply. The initiative is backed by the Ministry of Ports, Shipping and Waterways (MoPSW) and the Ministry of Petroleum and Natural Gas (MoPNG).

As of 1 July 2025, SCI operated 57 vessels, including 18 crude oil tankers, 15 bulk carriers, 11 product tankers, 10 offshore vessels, two container vessels and one gas carrier.

SCI’s domestic customers include public sector units such as IOCL, BPCL, HPCL, MRPL, CPCL and ONGC, alongside private firms including Reliance, Nayara and Cairn Energy. International clients comprise major oil and refining companies such as Shell, BP, Chevron, Koch, Marubeni, Vitol and Trafigura.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..