Govt receives bids for 51% SCI stake

new delhi: at least six shipping companies, including malaysia international shipping and essar shipping, on monday put in their initial bids for acquiring the government''s 51 per cent stake in shipping corporation of india. others who are believed to be in the fray include great eastern shipping, videocon, and shreyas shipping. however, mitsui osk lines of japan said, "it was never interested in sci." canada''s teekay shipping is also believed to have bid for acquiring government''s stake in sci, which has a fleet of 94 ships, about 40 per cent of india''s total shipping fleet by tonnage. monday was the deadline for potential bidders to submit their expressions of interest, sources said, adding government plans to complete the process by june.