SCI cheers on inking agreement for shipping LNG gas from US.

     SCI shipping corporation of India has inked an agreement with state - owned gas utility, Gail for transporting liquid gas from US. The shipping major will have GAIL charter ships to  move 5.8 million tonnes a year of LNG that the state run gas firm has contract from sabine Pass and Cove Point terminals in US.

    GAIL has signed a 20 year contract to buy 3.5million tonnes a year of LNG.  The company has also booked an additional 2.3 million tonnes capacity located at Lusby in the state of Maryland.SCI is the only Indian shipping company operating break-bulk service,international container service, liquid/dry bulk service, offshore service in addition to managing a large number of vessels on behalf of Government organisations.

The promoters holding in the company stood at 63.75% while institutional and non-institutional held 20.84% and 15.41% respectively.

The scrip opened at Rs.35.85 and is trading at Rs.37.15 up by 5.53%  from yesterdays closing.