Shipping Corporation of India Land and Assets Ltd. Appoints Atul Ubale as Executive Director

Mumbai, January 28, 2025 – Shipping Corporation of India Land and Assets Limited (NSE: SCILAL) has announced the appointment of Atul Ubale as Executive Director, effective September 7, 2024. The decision aligns with the company’s ongoing leadership restructuring to strengthen its financial and operational management.

Profile of Atul Ubale​

• Current Role: Director (Finance), SCILAL.
• Additional Responsibilities: Holds additional charge as Director (Finance) of SCI since March 7, 2024.
• Educational Background:
  • Bachelor’s Degree in Commerce from Mumbai University.
  • Master’s Degree in Management Studies.
• Experience: Over three decades in the shipping industry, specializing in:
  • Chartering and commercial operations of bulk carriers, tankers, and LNG transport.
  • Ship acquisition, offshore contracts, and fleet management.
  • International market exposure in the UK and Tehran through SCI’s joint ventures.

Key Leadership Positions Held​

• Director, Bulk Carrier & Tanker Division (Since December 2019).
• Director, SCI Bharat IFSC Limited (Since August 12, 2024).
• Chairman, Governing Council of Narottam Morarjee Institute of Shipping.
• Additional Charge as CMD, SCI (June–September 2022).
• Director in SCI’s Joint Venture Companies – India LNG Transport 1, 2, 3 & 4.

Strategic Significance of the Appointment​

With his extensive experience in chartering, fleet management, and international trade, Ubale is expected to enhance SCILAL’s operational efficiency and profitability. His leadership in LNG shipping and strategic chartering contracts will play a pivotal role in expanding the company’s footprint in global maritime logistics.