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New Delhi, February 3: Shipping Corporation of India is ready to run container ships regularly between India and Myanmar within a month. But this is subject to the Government agreeing to pay ?30 crore annual subsidy for the service, as it is expected to be loss-making. SCI, being a listed company, is answerable to shareholders for starting a loss-making service, particularly at a time when the company is already incurring losses. In the first half of this fiscal (2013-14), SCI recorded a loss of ?222 crore. At present, there are no liner services between India and Myanmar. As a result, ships ply between the two countries only when full cargo is available. Liner service is time-table based, which means ships have to run even if there isn’t enough cargo. The firm proposes to run the direct service as a part of India’s efforts to increase trade with Myanmar. Prabir De, Senior Fellow, Research and Information System for Developing Countries (RIS), estimates that India-Myanmar trade has the potential to touch $8.9 billion by 2015, an almost five-fold increase from the $1.87 billion in 2012. As per the plan, SCI will run a ship with capacity to carry 1,500 twenty feet equivalent unit (TEU) containers every fortnight, say official sources. The ports of call will be Yangon (Myanmar), Chennai (India) and Colombo (Sri Lanka). Additionally, Krishnapatnam Port in the east coast would serve as an inducement port, which means, subject to cargo availability, the SCI ship can call on the port as well, said an official. Such regular calls will create a capacity to carry 36,000 TEU containers each way in one year. According to Subrata K Behera, Senior Research Analyst, Drewry Maritime Research, a maritime consultancy, container traffic handled by three ports in Myanmar was 0.8 million TEU. Companies | Shipping Corporation Of India Limited | What's this? 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