19.02.2010, 09:49
Shipping Corp of India to order 37 vesslesState-run Shipping Corp of India Ltd plans to order 37 vessels in two years, spending about $2 billion to benefit from the fall in ship prices, the Business Standard paper reported on Friday. Currently, Shipping Corp has 77 vessels with a capacity of 5.8 million deadweight tonne, the paper reported citing its Chairman and Managing Director S Hajara. "Prices for ships have already come down and we see a possibility of it further coming down for some time this year," the paper quoted S Hajara as saying. Source: www.business-standard.com
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