Atul Ubale Additional Director (Finance), SCl gets Extension

New Delhi: Shipping Corporation of India Limited (SCI) in a letter states that the Appointments Committee of the Cabinet (ACC) has approved the proposal of the MoPSW seeking ex-post facto approval for extension of additional charge of the post of Director (Finance), Shipping Corporation of lndia Limited (SCl) entrusted to Shri Atul Ubale, Director (Bulk Carriers & Tankers), SCI for a further period of six months w.e.f. 07.09.2024, or till assumption of charge of the post by the regular incumbent, or until further orders, whichever is the earliest.

Thus, in accordance with aforementioned Ministry Order and ACC approval, tenure of additional charge for the position of Director (Finance) held by Shri Atul Ubale, Director (B&T), has completed on 06.03.2025.

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About Atul Laxman Ubale- Director (Bulk Carrier & Tankers) & holding Additional Charge of Director Finance

Shri Atul Laxman Ubale joined SCI on 15th May, 1989. He took charge as Director (Bulk Carrier & Tanker Division) from 11th November, 2019. Shri Ubale is an alumnus of Mumbai University holding Bachelor of Commerce Degree and Post Graduate Master’s Degree in Management Studies.

In a career spanning over 3 decades endowed with rich and vast experience in various facets of core shipping activities, he has served and held vital positions in Technical & Offshore Services Division handling O&M Offshore Contracts, indigenising Indian offshore industry, ship acquisitions/shipbuilding contracts for augmenting Indian tonnage; and in Bulk carrier and Tanker Division-overseeing chartering and commercial operations of bulk carriers and tankers meeting the ever growing and diverse needs of the Indian Oil Industry.

Shri Ubale with his hands on experience, commercial acumen, intimate knowledge of all types of chartering in various market segments including Bulk Carriers, Tankers, Gas Carriers, Container Ships, Passenger Vessels, Tugs etc. is a highly regarded and well-known personality in domestic as well as international chartering market. He has been instrumental in evolving innovative and sustainable strategies for gainfully employing SCI's vast fleet featuring, inchartering / out-chartering fixtures, various types of Contract of Affreightments (COAs) & pool arrangements and also has been at the forefront of conceptualizing and securing highly remunerative and innovative long term charters for SCI's fleet.

Owing to his engagement in SCI's overseas office in UK and SCI's Joint Venture Company in Tehran, Shri Ubale carries with himself substantial international exposure and experience, helping make SCI's Chartering & Commercial Operations a name to be reckoned with in the domestic as well as international shipping markets. Shri Ubale is also Director in SCI's Joint Venture companies - India LNG Transport Company 1,2,3 & 4. These companies are prestigious JVCs of SCI, which have not only earned revenues but also enhanced SCI's credibility as the only LNG vessels operating company in India.

Shri Ubale also held additional charge of CMD, SCI from 01.06.2022 till 02.09.2022. Also, Shri Ubale held additional charge of D(P&A),SCI from 01.12.2020 to 05.09.2021 and recently from 01.03.2023 to 04.07.2023. In a difficult year that saw unforeseen challenges due to COVID, his emphasis on safety and deft handling of human resource ensured that the business continuity remained unhindered. Under his charge, multiple COVID-19 vaccination drives were conducted in SCI, thereby benefitting thousands of stakeholders and citizens at large.

Shri Ubale is also Chairman of the Governing Council of Narottam Morarjee Institute of Shipping, an institute set up under joint auspices of MoPSW & Indian Shipping Industry, imparting training & advance diploma courses in the field of shipping & logistics.

 Shri Ubale also holding Additional Charge of Director (Finance) from 07.03.2024. 

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