Interest wanes in SCI as privatisation drags on and restrictions mount
Delays in the process are tolerated, but the conditions being imposed on the sale of the ageing fleet of ships means that owning SCI is a less attractive proposition than it was when the government first put its 64% stake on the market
The privatisation process is back on following ‘modifications’ to the original sell-off process, but bureaucratic hurdles and an increasingly prohibitive list of restrictions on the sale have resulted in waning interest from bidders