 "No significant capex for GE Shipping in FY18: Bharat Sheth")
There is a correction in this interview, which can be read at the end of this page.
At a time when the industry is going through a difficult phase, Great Eastern Shipping Company (GE Shipping) has aggressively acquired 14 ships, and increased its fleet size to 45 in 2016-17. Bharat Sheth, deputy chairman and managing director, tells Aditi Divekar and Rajesh Bhayani that the best time to buy assets is when prices are at a multi-year low. Edited excerpts:
At a time when the industry is going through a difficult phase, Great Eastern Shipping Company (GE Shipping) has aggressively acquired 14 ships, and increased its fleet size to 45 in 2016-17. Bharat Sheth, deputy chairman and managing director, tells Aditi Divekar and Rajesh Bhayani that the best time to buy assets is when prices are at a multi-year low. Edited excerpts:
What is your reason for aggressive asset creation in FY17?
We spent around $350 million (or about Rs 2,250 crore) in
