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Friday, September 30, 2016

Indian Shipyards Face Bleak 2010

January 7, 2010

According to a Jan. 7 report from Reuters, Indian shipbuilders are heading for another bleak year in 2010 amidst weak demand and prospects of order cancellations as the global economy struggles to emerge from a slowdown, analysts said. Bharati Shipyard remains a lone promising bet for investors on expectation its recent acquisition of Great Offshore Ltd. will boost its orderbook and cash flows.

(Source: Reuters India)



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