Indian shipping cos struggle due to trade war, corrective pollution actions

Like most of their peers across the globe, Indian shipping groups have remained under the weather for most of the decade. This is because the lingering overcapacity in world tonnage has kept freight rates low, alarmingly so for some segments. A UK-based observer puts the situation in perspective by saying that while the World Trade Organisation is foreseeing merchandise trade volume growth of 4.4 per cent in 2018, firmly above the post crisis average of 3 per cent, there will still remain too much unused ocean freight capacity. More and more old vessels should be consigned to ship breaking yar.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Most Read

Top Stories

Markets

Companies

Opinion

Latest News

Todays Paper

News you can use

Outbrain