Shipping Corp narrows loss to Rs 41 cr in Jul-Sept

The Shipping Corporation of India on Wednesday reported narrowing of consolidated loss to Rs 40.91 crore for the quarter ended on September 30, 2019. The company had posted a consolidated loss of Rs 124.51 crore in the year-ago period, according to a BSE filing.

Consolidated total income of the company in the July-September quarter marginally increased to Rs 1,064.28 crore from Rs 1,052.11 crore in the year-ago period. The shipping company has substantial interests in various segments of the shipping trade.

SCI's owned fleet includes bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, phosphoric acid/chemical carriers, LPG / ammonia carriers and offshore supply vessels.