Interest from bidders in acquiring the Shipping Corporation of
India has faded after some of the key selling points of the deal were removed.
Some of the big draws of the deal included SCI's cash reserves, its
headquarters in South Mumbai, the Maritime Training Institute, and the
officers' flats in Mumbai and Kolkata. These non-core assets have now been
split off into a separate company, and the core shipping business has transferred
₹1,000 Crore to new company. Now, the shipping giant is left with just an
ageing fleet and a unionized workforce, which has made it less appealing to
potential buyers.

