Shipping Corp. of India Ltd., the nation’s largest sea carrier, plans to purchase a stake in a shipyard to diversify its business after profit and sales slumped last year. The state-owned company has asked shipbuilders to submit proposals, Chairman and Managing Director S. Hajara said in a phone interview today without elaborating. “Without shipyards, there will be no shipping companies,” Hajara said. “It’s a backward integration for any shipping company.”
Green Marine
about 16 years ago
Shipping Corp. of India Plans to Buy Shipyard Stake to Diversify Revenue
Shipping Corp. of India Ltd., the nation’s largest sea carrier, plans to purchase a stake in a shipyard to diversify its business after profit and sales slumped last year. The state-owned company has asked shipbuilders to submit proposals, Chairman and Managing Director S. Hajara said in a phone int
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