SCI Extends Rear Admiral Jaswinder Singh's Additional Charge as Director (BC&T)

Shipping Corporation of India Limited (SCI) has announced an extension of Rear Admiral Jaswinder Singh's additional charge as Director (Bulk Carrier & Tanker). The Ministry of Ports, Shipping and Waterways approved the extension on December 31, 2025, extending his tenure significantly beyond the original appointment period.

Extension Details

Parameter	Details
Extension Period	January 1, 2025 to June 30, 2026
Approval Date	December 31, 2025
Approving Authority	Ministry of Ports, Shipping and Waterways
Current Position	Director (L&PS)
Additional Charge	Director (BC&T)
Subject to	ACC approval

Background of the Appointment

Rear Admiral Jaswinder Singh was initially appointed as Director (BC&T) on additional charge from October 1, 2025 to December 31, 2025. The latest extension significantly expands his tenure in this dual role, allowing him to continue overseeing both the Liner & Passenger Services and Bulk Carrier & Tanker segments of SCI.

Professional Profile

Rear Admiral Singh brings extensive maritime expertise to his expanded role:

Qualification	Details
Maritime Experience	Over 35 years
SCI Tenure	Since 2023
Previous BC&T Experience	Six months additional charge
Education	Post Graduate in Business Administration
Naval Recognition	Nau Sena Medal recipient

Key Leadership Positions

During his distinguished naval career, Rear Admiral Singh held several prestigious appointments including Chief of Staff of the Southern Naval Command, Assistant Chief of Naval Staff Foreign Cooperation, and Principal Director at Naval Headquarters New Delhi. He also commanded Destroyer, Corvette, and Training Establishment units.

Current Board Positions

Rear Admiral Singh serves as a Director on the board of SCI Bharat IFSC Ltd, a wholly owned subsidiary of SCI, and Sethusamudram Corporation Ltd. He also holds the position of Vice Chairman at Narottam Morarje Institute of Shipping, Mumbai.

SCI has confirmed that Rear Admiral Singh is not related to any director of the company and is not debarred from holding directorship by any regulatory authority. The extension reflects SCI's confidence in his leadership capabilities across multiple operational segments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.45%	-6.42%	-4.02%	-4.92%	+3.55%	+143.88%

Shipping Corporation of India (SCI), the state-owned maritime transport company, is setting sail on a bold new journey of expansion and growth, according to a recent announcement by the Shipping Secretary. This strategic move signals SCI's intent to scale up its operations and strengthen its position in the global shipping industry.

Government Initiatives to Stabilize Freight Rates

In a related development, the government is undertaking efforts to stabilize freight rates during a period of global uncertainty. The initiative involves SCI as part of measures to address volatility in shipping costs. This move underscores the government's commitment to supporting the maritime sector and ensuring stability in international trade.

Strategic Focus on Scaling Operations

The Shipping Secretary's statement highlights SCI's commitment to pursuing an ambitious expansion plan. While specific details of the strategy remain undisclosed, the announcement suggests a significant shift in the company's approach to growth and market presence.

Regulatory Compliance and Financial Discipline

In a separate development, SCI has demonstrated its commitment to regulatory compliance and financial discipline. The company recently received favorable consideration from both the National Stock Exchange of India Limited (NSE) and BSE Limited regarding the waiver of fines levied for delays in compliance with various regulations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Waiver of Regulatory Fines

The BSE has taken note of the waiver decided by NSE and has conveyed its decision to waive the fines for SCI. This waiver covers multiple quarters and various regulations, including:

Quarter	Regulations Waived
Dec 2024	18(1), 19(1)/(2), 20(2), 21(2)
Mar 2025	17(2A), 18(1), 19(1)/(2), 20(2), 21(2)
Jun 2025	18(1), 19(1)/(2), 20(2), 21(2)

This development showcases SCI's efforts to address past compliance issues and maintain good standing with regulatory authorities.

Looking Ahead

As SCI embarks on its expansion journey, the company's ability to balance growth ambitions with regulatory compliance will be crucial. The waiver of fines provides Shipping Corporation of India with a clean slate, allowing it to focus on its strategic expansion plans without the burden of pending regulatory issues.

The maritime industry will be watching closely as SCI navigates these waters of growth and expansion, potentially reshaping its role in the global shipping landscape. With government support in stabilizing freight rates, Shipping Corporation of India is well-positioned to capitalize on emerging opportunities in the sector.