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Long-term ship charters to add $400m rev/yr: Essar Shipping

Essar Shipping is all set to list on the exchanges tomorrow. AR Ramakrishnan, chief executive officer of Essar Shipping indicated that if the company adds a crude oil transportation business going forward, it would look at anything between USD 25-30 million, which is firm contracted. Therefore, it would generate very stable revenues over years.

first published: Nov 14, 2011 05:37 pm

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