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  • Business

Shipping firms go off the beaten track

 Shipping companies are going off the beaten track -- with a vengeance. So the cyclical nature of the industry is no sweat for new-age shipping tycoons as they are getting into new areas like port......

Shipping firms eye offshore boom

 Domestic players are eyeing offshore shipping business.The companies have firmed up acquisition plans to add various offshore support vessels and marine construction assets.The current players in......

Shipping cos may flag out to zero-tax Singapore

 Burdened with a plethora of taxes, Indian shipping companies are planning to flag out their vessels to zero-tax Singapore and a few other countries.Sources close to the development said that......

Varun to acquire LPG vessel for $40 million

 Varun Shipping Company is set to acquire a liquified petroleum gas vessel with 35,639 cubic metre capacity for $40 million through its wholly owned subsidiary in Singapore, VSC International Pte......

Overseas direct invest by Indian cos at $2.67 bn in Apr

 Overseas investment by Indian companies fell marginally to USD 2.67 billion in April from USD 2.77 billion in March, the Reserve Bank said.The investment in equity has gone up during the month to......

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