Top India shipping line reviving Iran venture
India’s largest carrier and Islamic Republic of Iran Shipping Lines had in 2012 decided to dissolve the Tehran-based joint venture/ MUMBAI/NEW DELHI: State-run Shipping Corp of India Ltd, struggling for respite from an industry downturn, plans to revive a 40-year-old joint venture with an Iranian company. The recent easing of sanctions on Iran opened the way to resuscitating Irano Hind Shipping Co., which potentially offers access to Central Asian markets such as Kazakhstan, according to the Indian company’s Chairman B.B. Sinha. “We don’t ...
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