Difficult operating environment for the global shipping industry, coupled with higher operational costs dragged down Shipping Corporation of India’s (SCI), the country’s largest shipping firm, operating profit margin by 70 basis points y-oy to 17% in the March 10 quarter. The company grappled with higher costs like those related to charter hire in Q4.
Green Marine
about 16 years ago
US rebound to help Shipping Corporation of India stay afloat
Difficult operating environment for the global shipping industry, coupled with higher operational costs dragged down Shipping Corporation of India’s (SCI), the country’s largest shipping firm, operating profit margin by 70 basis points y-oy to 17% in the March 10 quarter. The company grappled with h
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