Shipping Corporation of India (SCI) recorded a net loss of INR 2.06 bn ($30m) in the second quarter of 2018, it said in a BSE filing.

The diversified Mumbai-based shipowner had posted INR 67.2m net loss during the same quarter last year.

SCI’s expenses jumped to INR 11bn during the quarter ended 30 June, from INR 8.9bn in the same period last year.