Independent journal on economy and transport policy
07:07 GMT+1
Shipbreaking set for healthy turnaround amidst gloom
(The Economic Times)
November 17, 2008
Amidst the all pervading recessionary trends, at least one segment of maritime industry is jubilant. Shipbreaking industry, Indian or global, is up and going and is expected to post a remarkable turnaround this fiscal. The turnaround is more pronounced in the case of India, where it had been in doldrums during the last couple of years. However, the local industry that beached 0.5 mn LDT last year is expected to cross 1.5 mn LDT during the current year ...... Read more on The Economic Times
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