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Domestic shipping companies to witness dip in revenue: Crisil

According to a CRISIL report, domestic shipping companies’ revenue and margins have declined in the current fiscal year after increasing by 35% in fiscal 2023 due to a spike in charter rates brought on by the disruption of international seaborne trade brought on by the conflict between Russia and Ukraine and pent-up demand following the pandemic. It is anticipated that the revenue growth of domestic shipping companies will continue to decline. According to a CRISIL Ratings assessment, domestic shipping businesses’

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Domestic shipping companies to witness dip in revenue: Crisil

According to a CRISIL report, domestic shipping companies’ revenue and margins have declined in the current fiscal year after increasing by 35% in fiscal 2023 due to a spike in charter rates brought on by the disruption of international seaborne trade brought on by the conflict between Russia and Ukraine and pent-up demand following the pandemic. It is anticipated that the revenue growth of domestic

Read More »