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National Economy Economy & Banking

Shipping Corporation of India marks 65 years; fleet now 58 vessels totalling 5.26 million DWT

Union Minister Sarbananda Sonowal attended the 65-year ceremony of the Shipping Corporation of India (SCI) at the International Cruise Terminal, Mumbai, on 2 October 2026.
Founded in 1961 as a liner shipping company with 19 vessels, SCI now operates 58 vessels totalling 5.26 million deadweight tonnage (DWT).
Mr Sonowal asked SCI to take a leading role in self-reliant shipbuilding and tied its growth to the Maritime Amrit Kaal Vision 2047.
He pointed to SCI's performance during the recent Strait of Hormuz crisis in safeguarding energy and trade security.
Capt. B.K. Tyagi is SCI's Chairman and Managing Director.

Founded: 1961 Fleet at founding: 19 vessels Fleet now: 58 vessels Total tonnage: 5.26 million DWT National goal: Maritime Amrit Kaal Vision 2047
Why it matters for exams: Maritime sector milestones, public sector undertakings and the Maritime Amrit Kaal Vision 2047 feature in economy and current-affairs papers.
Kerala PSCUPSCSSCBank
3 October 2026 Source: Press Information Bureau

In plain words

DWT Deadweight tonnage — The total weight a ship can carry, including cargo, fuel, crew and supplies.

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