Independent journal on economy and transport policy
16:05 GMT+2
Shipping industry may see only marginal rise in 2009 fleet tonnage
(The Hindu Business Line)
January 27, 2009
Amit Mitra The Hindu Business Line
Mumbai Jan 26 Contrary to expectations, the growth of India’s combined shipping fleet in terms of gross tonnage has been almost flat in 2008, with fleet expansion being slower than earlier projected.
Although the impact of the global financial downturn towards the end of the year is not reflected in the fleet expansion for 2008, industry sources say 2009 will also see only a marginal increase, if not a dip, in fleet tonnage, as shipping companies are putting off or truncating their planned acquisitions ...... Read more on The Hindu Business Line
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