Indian owners to get $2bn government credit lifeline
INDIAN shipowners, who have been severely hit by the lack of ship finance for vessel acquisitions, have received a boost from the government with the imminent establishment up of a Rs100bn ($2.1bn) special fund to extend low-cost credit to shipping companies for the acquisition of new ships.
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792