Recent increase in Baltic Dry Index is due to demand from China: BK Mandal, SCIThe Baltic Dry Index movement this year is nothing unusual and we cannot really read much out of this increase.
Budget 2013: FM removes countervailing duty on import of foreign vesselsIn a move to help the domestic shipbuilders FM has also removed the excise duty on the domestic shipbuilding industry.
- Shipping biz to look up after old vessels' phaseout in 2014
Indian shipping companies have been struggling to stay afloat as the operational costs for the cos have been rising while revenue has been ...
- Shipping companiess want sops to ride out rough patch
Local shipping business, saddled with high cost and dipping revenue, may continue to be in choppy waters for some more time as the hope for...
- Shipping industry going through challenging times for 2-3 years: BK Mandal, SCI
Shipping is a very cyclical and a global industry by nature. Anything that happens in the macro environment affects us.
No end to SCI’s financial woes; rising debt, flat freight rates add to the troublesSCI has put on hold its expansion plans for current fiscal, could see further financial trouble largely from rising debt.
- Shipping Corporation of India loses 15%; investors don't expect high dividend
SCI has fallen out of favour with even those investors who held on to the stock in past years despite its listless performance
- HC upholds caveats filed by Birlas
The Lodhas seem to score a point as Calcutta High Court discharges the caveats filed by the Birlas.