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Government weighs introducing age limit for ships - The Hindu BusinessLine

Government weighs introducing age limit for ships - The Hindu BusinessLine
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Great Eastern Shipping Q4 net profit at ₹49 crore - The Hindu BusinessLine

Great Eastern Shipping Q4 net profit at ₹49 crore May 08, 2021 The board has recommended a final dividend of Rs 9 per share for FY21× The firm’s revenue for the full year declined to ₹3,336.55 crore from ₹3,686.73 crore in FY20 The Great Eastern Shipping Co Ltd, India’s biggest ocean carrier, reported a consolidated net profit of ₹49.01 crore during the January-March quarter from a loss of ₹50.68 crore a year earlier. The Mumbai-based firm said its revenue from operations declined to ₹739.95 crore during the fourth quarter of FY21 from ₹1,009.25 crore a year ago. For the full year, the company reported a net profit of ₹918.52 crore from ₹207.14 crore in FY20.

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Shipping Corp picks Corporate Professionals Capital for spin off of non-core assets

April 15, 2021 Government has decided to sell its 63.75% stake in SCI to a private strategic buyer The Shipping Corporation of India Limited has hired Corporate Professionals Capital Pvt Ltd as consultant for undertaking demerger/ hive off/ transfer of non-core assets and ‘assets held for sale’ ahead of the ongoing process of privatising the State-run fleet owner. The consultant is tasked with suggesting a roadmap on the scheme of de-merger/hive off/ disposal/transfer/alienation of its non-core assets (real estate), both freehold and leasehold, from core assets for a smooth transition, ensuring compliance with required procedure and applicable laws and removing all legal and procedural bottlenecks to “maximise value for the company and shareholders”.

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