72 hours since the tragic loss of Samudrika 10 off the Bombay high, the coast guard rescuers have recovered 4 bodies near the site. The bodies have been identified and are of: Mr.Rajveer Singh – Bosun which was recovered on 11th July. The bodies recovered on July 12th are of Mr Vivek Kumar – Seaman, Mr Sukanta Banerjee – Cook and Mr. Shivmohan Tripathi- Oiler.

Family members and next of kin of the deceased have been informed and necessary arrangements for the bodies to reach their families have been made. The family members of the deceased would receive compensation as per their insurance cover and this amount would be matched by Sical. Sical will offer employment opportunities to the next of kin of the deceased and will offer long term support to families who have lost their sole breadwinner.

Search and rescue operations to find the still missing 4 crew are on in full swing. Nine of the crew were rescued and brought back to Mumbai by ONGC on Monday, July 9th. Immediate exgratia was provided to all rescued crew by ONGC. After the medical treatment carried out at the Helibase, Sical has taken charge of the rescued crew. Sical is extending its full corporation to ONGC and the rescue team. Sical is also physically and financially assisting the family members of the crew who have survived and those who have unfortunately lost their lives.

Samudrika 10 had sailed out of Nhava Supply base of ONGC on 6th July, 2007. It was on standby mode when it took water around 0100 hrs on 9th July. At 1235 hrs, the vessel started sinking by stern. The vessel received several heavy swells as a result of which it went down by stern and could not come back to normal position due to the unexpected shifting of heavy cargo and aggravated weather conditions.

It has been a tragic loss of four of the employees who put in their best in inclement weather of the Bombay High that day. While the loss to the families would be irreparable, the company will work to ensure that due compensation reaches the next of kin at the earliest.

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About Sical

Sical Logistics Ltd is India’s leading integrated multi-modal bulk and containerized logistics solutions provider handling around 25mn tones of bulk cargo as well as over 4,00,000 TEUs of containerized cargo. Headquartered in Chennai in the south of India, Sical (formerly South India Corporation Agencies Limited) is listed on the Mumbai Stock Exchange and the National Stock Exchange.

The services of the company are segmented as:

v Port- Stevedoring/ Port terminals/ Customs and agency services

v Inland- Trucking, rail road and warehousing and Container services

v Offshore- O&M of Platform Supply Vessels for ONGC/ owning PSVs

Sical's delivery network includes an exclusive walk-in berth at Chennai for ships carrying bulk cargo; a container terminal at Tuticorin, 1.9 million square feet of storage across over 100 warehouses; owned and regularly contracted fleet of over 3000 transport vehicles, and container freight stations at 4 locations across India. Sical's FY2005-06 revenue was Rs 9.60 billion on Rs 301.9 million equity capital.

Media Contact: Samantha Unnikrishnan – samantha.unnikrishnan@ogilvy.comOgilvy PR WorldwidePhone No. - +919840284080Richa Tilokani – richa@sical.comSical Logistics LtdPhone No. - 044-22350061