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Pending subscription dues worth ₹65 lakh strains Shipping Corporation-INSA ties
January 01, 2021
SCI owes a total of about ₹65 lakh to INSA due in April last year
Relations between the Shipping Corporation of India Ltd (SCI) and the Indian National Shipowners Association (INSA), have soured over the past few months after the heavyweight member of the local fleet owner lobby group failed to make payment of the annual subscription fee due in April last year.
SCI also skipped board meetings of INSA and the annual general meeting (AGM) held in September 2019, said multiple sources.
SCI is India’s second biggest shipowner by fleet size but the largest in terms of tonnage (capacity).