Facing an annual loss of a whopping Rs 300 crore (Rs 3 billion), shipowners have pleaded with the finance ministry to keep them out of service tax net and exempt them from withholding and fringe......
An increasing number of Indian ships is coming under the scanner of the International Port of State Control agencies. As many as 11 Indian ships were detained abroad in the first eight months of......
Indian shipping officers may be riding the gravy train. Salaries of senior officers have doubled to $10,000 per month in the last one year as the industry faces severe shortage of officers, but the......
Indian shipping companies have started to flag out their vessels to foreign countries to avail of tax breaks. This comes at a time when a clutch of global shipping companies, including Oceanic......
'The coronavirus impact is much bigger than what the market had predicted. We are helpless and simply watching the market at present. Nothing can be done,' Anil Devli, chief executive officer (CEO)......