Shipping Corp of India (SCI) was previously looking at joint ventures with domestic state-owned companies to wriggle out of its financial mess.
Partnerships with Coal India, Oil & Natural Gas Corp (ONGC) and Steel Authority of India (SAIL) were expected to provide long-term employment support and steady cash flow.
But company chairman and managing director Arun Kumar Gupta says it no longer has any such plans as charterers are not keen to set up alliances at a time of low freight rates and excess tonnage supply.
SCI
