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VK Singh, CEO, Shreyas Shipping said although the economic recovery still remains challenging, the company would aim to grow revenues at 10 percent in FY17. The volume growth for the first quarter of FY17 would also be similar to that of Q4 in FY16 at around 12 percent, he said. The additional tonnage added in the fourth quarter would aid volume growth, he added. Currently, the company would have three-dry dockings by end of FY17. With regards to freight rates, he said they still remain at depressed levels both domestically and internationally.
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