Private equity firms have stayed away from investing in shipping, ports and logistics for two years in a row. ĆĀ“PEs have stopped coming into the sector and there is no easy money for the shipping business,ĆĀ“ G Shivakumar, CFO, Great Eastern Shipping, said in the third quarter earnings conference call.
Tag: Great Eastern Shipping
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GE Shipping fleet to get two more dry bulk carriers
Great Eastern Shipping on July 25 said it has placed orders with a Japanese company for building two dry bulk carriers. GE Shipping has placed an order for two new Kamsarmax dry bulk carries with Tsuneishi Shipbuilding company, Japan, the country's largest private sector shipping firm said in a statement. These vessels will be built at the Yard's facility in Philippines, it said, without giving financial details
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Net profit of Great Eastern rises on forex gains
The consolidated net profit of Great Eastern Shipping more than doubled to Rs 192 crore during October-December 2012 from Rs 87.46 crore in the year-ago period. The company cited forex gains and decline in interest costs as major reasons for the rise in net profit
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Analysis: Strategies, opportunities and challenges in MA 2020
Everyone is excited, as the government has brought forth an implementable plan of action for the first time. Now to frame regulations and policies around it.