SCI has executed a Shipbuilding Contract with Mazagon Dock Shipbuilders Ltd (MDL) on 18th March 2026 for construction of one (1 no.) 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV).
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Shipping Corporation of India (SCI) has signed a shipbuilding contract with Mazagon Dock Shipbuilders Ltd (MDL) on 18 March 2026 to construct one 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). This will be the first vessel in SCI's fleet designed to operate on green methanol, an alternative marine fuel. The move aligns with India's National Green Hydrogen Mission and the company's broader green shipping ambitions. The contract cost and delivery timeline have not been disclosed in the filing.
This is a small but strategic step towards fleet modernization and decarbonization, which may appeal to ESG-focused investors. However, since it involves just one vessel and no financial details were shared, the immediate impact on stock price is likely to be limited.