ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Woes of Shipping

Woes of Shipping Hansavivek INDIA STEAMSHIP has turned out disappointing working results for the year ended March 1979, with a net loss of Rs 3.49 crores as against a net profit of Rs 52 lakhs in the previous year following decline in freight earnings from Rs 36.94 crores to Rs 34.93 crores. The loss has been erased by taking into account the surplus of Rs 39 lakhs brought forward from the previous year and transferring back Rs 3.09 crores from general reserve.

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