In an interview with CNBC-TV18 Yudhishthir Khatau, MD, Varun Shipping spoke about the performance of the company and the road ahead.
He said," I am happy to say that the offshore industry has since picked up. We have obtained three charters for eight years in Brazil, but those will only show up in the course of this year, not last year." The company declared a dividend of 8% this year. Elaborating about the same he said, "Our dividend has always been very consistent. We had to drop our dividends in line with overall shipping company results. We hope that we will be able to improve upon this with the improvement in terms of both the LPG and the offshore market for the year to come." Below is the verbatim transcript of his interview with Latha Venkatesh and Anuj Singhal of CNBC-TV18. Also watch the accompanying video. Q: The year before, that is FY10 was a fairly bad year for the shipping industry across the world, and coming from that bad base, some shipping companies actually have done somewhat better in FY11. Why couldnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
