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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

SCI, Shipping Corporation
Shipping Corporation of India

TheShippingCorporationofIndia(SCI),thecountry'slargestshippingcompany,isintalkswithits40-year-oldIranianjointventurepartnerIslamicRepublicofIranShippingLinestoworkoutabusinessmodelthatcanopennewgeographiesfortradefortheformer. Thejointventure,whichremaineddormantformanyyearsduetosanctionsimposedonIran,isnowgettingactivetoexplorebusinessopportunitiesintheregion. “ThereareseveralplanssuchasbesttankerroutebetweenIndiaandIran,containertradefromIndiatoIran.SinceourJVpartnerhasstrongties ...