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SCI to revive joint venture with Iran shipping firm

The JV, which currently holds three bulk carriers and one tanker vessel, could charter a container vessel soon

Aditi Divekar  |  Mumbai 

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The Shipping Corporation of India (SCI), the country's largest shipping company, is in talks with its 40-year-old Iranian joint venture partner Islamic Republic of Iran Shipping Lines to work out a business model that can open new geographies for trade for the former.

The joint venture, which remained dormant for many years due to sanctions imposed on Iran, is now getting active to explore business opportunities in the region. “There are several plans such as best tanker route between India and Iran, container trade from India to Iran. Since our JV partner has strong ties with ...

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First Published: Sat, September 03 2016. 00:20 IST