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Kerala Shipping Inland Navigation Corporation Ltd., (KSINC) was formed in 1989 by the statutory amalgamation of Kerala Inland Navigation Corporation Ltd., (KINCO) and Kerala Shipping Corporation Ltd., (KSC), two Government of Kerala Corporations incorporated in December 1975. The main object of the company is to develop passenger and cargo transportation through inland water ways of Kerala.
The Company headquartered at Gandhi Nagar, Kadavanthra, Kochi have operating units (a) Thoppumpady (Slipway Complex) (b) Thevara (Boat Yard) and (c) Boat Jetty near High Court.
Managing Director is the Chief Executive of the company and HOD’s (Managers) reporting to the Managing Director is the basic organization of KSINC. Finance Manager heading the Finance/ Accounts Department looks after the financial aspects. The Company Secretary is now in the Company. Mechanical Engineer is looking after the repairs and maintenance and construction of both in house and outside vessels, administrative section is headed by Commercial Officer.
1. PRESENT ACTIVITIES OF THE COMPANY
i. Transportation of cargo, viz., fuel, Rock phosphate, sulphur etc., through Inland Waters for various
customers such as IOC, BPCL, FACT, NAVY etc.,
ii. Water transportation to island around Cochin and calling at Cochin Port ships.
iii. Docking and repair of marine vessels and construction of Boats and small ship.
iv. Conducting Tourist Cruises in backwaters.
v. Civil construction works under the 12th Finance Commission Award.
vi. Conducting Navigation Training Programmes in association with Kerala Youth Welfare Board.
vii. Providing & Maintaining Navigational aids in National Waterway.
viii. Oil Bunkering
i. TRANSPORTATION OF CARGO THROUGH INLAND WATERS
KSINC at present has fleet strength of 3 Bulk Carriers, 3 petroleum tanker barges, I water barge, 2 acid barges and two jhankars.
KSINC was the pioneer in transporting imported industrial fertilizer, raw materials such as Rock Phosphate, Sulphur and phosphoric acid to FACT, Cochin Division and Udyogamandal Division through waterways. However with the entry of private players, we were not able to match the rate of our competitors in many cases. Fortunately we have recently, regained the new contract with FACT for the movement of bulk cargo valid up to 11.06.2013.
The company is engaged in bunker supplies to ships in the Cochin Port area since 1989. The company has ongoing contract for the delivery of fuel to ships with the Indian Oil Corporation Ltd., Besides, we are also executing occasional bunker calls from the Bharat Petroleum Corporation as well. On an average 4000MT of POL Products are handled per month.
To explore the potential for outer bunkering, (that is supply of fuel for ships in our harbor and international routes). We have hired a 1000MT POL tanker on trial basis since March, 2012. The initial results are satisfactory, even though the operation is not yet reached break even. We are also transporting potable drinking water to various islands around Cochin through Barges, as authorized by the District Collector, Ernakulam, as a part of drought relief operations of the Government.
ii. CONSTRUCTION AND DOCKING & REPAIR OF MARINE VESSELS
The Company have a modern slipway complex with six tracks with all facilities to offer reliable, speedy and efficient service. The slipway complex is taken on lease from the Cochin Port Trust since 1991. Construction and repair Boats, barges and marine vessels of the company as well as customers in public and private sectors are undertaken in this slipway. The company has attained sufficient proficiency in the construction and repair of marine wooden and steel vessels. We are now building one 6 Tonne Bollard Pull Tug, for the Department of Ports, Government of Kerala and 2 FRP Boats for the Tourism Department. Earlier this year, KSINC has supplied one 350MT dumb oil barge for Visakhapatnam Port, Visakhapatnam.
iii. WATER LINKED TOURISM
The company is a major player in Tourism sector at Kochi with Sagara Rani, Luxury vessels under IRS Class. KSINC is owns two vessels of the same class viz Sagara Rani-I and Sagara Rani-II. In addition, we are having 2 other Tourist Boat under operation.
iv. CIVIL WORKS UNDER THE 12TH FINANCE COMMISSION AWARD
The Government have entrusted KSINC with the following civil works under the 12th Finance Commission Award:
1. Construction of two dredgers for Irrigation Department, which is now ready for delivery.
2. Construction of 14 jetties for the Muziris Heritage Project. As the Company has no in house facilities for civil works, these works are outsourced.
v. CONDUCTING NAVIGATION TRAINING PROGRAMME
We have started a Marine Training Institute for imparting training to young aspirants for operating Inland Vessels and crafts. The purpose of the institute is to meet the shortage of trained and qualified personnel to man the vessels operated in the Inland waters / backwaters of Kerala by imparting training in the operation of Inland Vessels. The course is being conducted in association with Kerala Youth Welfare Board. 6 batches have already been completed successfully. We are at a disadvantageous position as the course is yet to receive approval/ recognition from the Government.
vi. FINANCIAL POSITION
The company was running on profit up to the year 2003-04. Working capital shortage due to the non- realization of amount spent on FRP Boat Constructed for SWTD, loss of revenue due to stoppage of passenger boat operation, uneconomic operating rates of the barges etc., caused losses during the years from 2004-2011. However, the company has again reached to profit in the financial year 2011-12.
vii. MAN POWER
The company has 192 employees in its rolls. 128 permanent 63 casuals and one contract. Out of the 128 permanent employees 26 are court stay employees;
There are 4 senior executives, 3 middle level executives and 7 supervisory/ junior management level staff.