GE Shipping Ltd clarifies regarding Jag Pooja equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Clocking more than $20 trillion in global trade per annum, the global maritime logistics industry is the second largest in the world, next to the oil and gas industry. It supports 90 percent of the global trade, but if you compare it with airline or road logistics in terms of innovation and technolo
India’s Top Shipping Company Set to Kick Off Privatization Push
At least five maritime operators are in talks with the Indian government to buy a majority stake in the country’s biggest shipping company, which could be among the first public entities to be sold in the country’s biggest ever privatization drive.
The sale of the state-run Shipping Corp. of India, which controls up to a quarter of the country’s waterborne tonnage, is seen as a test case for bigger privatizations down the road after years of small divestments and growing pressure on India’s government to replenish depleted state coffers after Covid-19 imposed lockdowns.
Seven Islands Shipping Weighs Entry Into Gas And Container Shipping
Seven Islands Shipping Ltd (SISL) is weighing a potential entry into gas carriers and container ship segments, buoyed by the surge in freight rates.
SISL is India’s second biggest private oil tanker shipping company backed by Indian born Canadian businessman Prem Watsa-led Fairfax.
“Until now, SISL had only owned and operated tankers that transported liquid cargo. But, based on the current ship prices and charter rates, it sees potential for better growth from gas carrier and containers. They are in the process of assessing this opportunity in greater detail,” Prem Watsa, Chairman, Fairfax India Holdings Corporation, told shareholders in a March 5 letter.
Seven Islands Shipping weighs entry into gas and container shipping thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.