Shipping Corp axes two more orders to build ships.

Shipping Corp. of India Ltd. (SCI) has cancelled orders for building two ships since April to add to the seven it had scrapped in the year ended March, as India’s biggest ship owner struggles with losses in a weak freight market.

'We have cancelled one container ship ordered at STX (Dalian) Shipbuilding Co. Ltd, China, and one anchor handling, towing and supply vessel (AHTSV) ordered at ABG Shipyard Ltd,' a spokesman for the Mumbai-based company said.

AHTSVs are used to support offshore oil-drilling operations. The container ship was designed to load 6,500 standard containers.

The orders were cancelled due to delays by the shipyard in constructing and delivering the vessels, the spokesman added.

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