Foresight Group International said on March 1, 2021 that it has joined hands with two other global shipping majors to submit an expression of interest for The Shipping Corporation of India Limited (BSE:523598) (SCI). Apart from the Foresight Group''s flagship company Foresight Offshore Drilling Limited S.A., the consortium includes Belgium listed shipping company - Exmar NV (ENXTBR:EXM) and Dubai-based shipping company GMS DMCC, a release said. Founded by Ravi K Mehrotra, CBE, an Indian citizen, who continues to oversee operations of the Foresight Group as its Executive Chairman, the Group has a long standing operations in India across offshore and onshore drilling, it said.

"The three international entrepreneurial shipping companies have come together with a unified belief in the India''s long-term development and growth and we intend to develop the SCI into a global formidable shipping company, said Mehrotra.