The Shipbuilding Industry- Riding the Economic Wave The global economic recession and the decline in sea-borne trade led to over-capacity of ships globally ultimately affecting the performance of the shipbuilding industry during CY09. The global shipbuilding orderbook declined from 367.2 mn GT as on December 31, 2008 to 303.5 mn GT as on December 31, …
The commercial vehicle (CV) industry faced challenging times in 2008-09 – reduction in cargo and passenger traffic, lower freight rates, difficulty in availability of vehicle finance, stricter appraisal norms for financing – all on the back of the global financial crisis. The domestic CV sales dropped by 21.7 per cent over the previous year. The …
HTML clipboard The commercial vehicle (CV) industry faced challenging times in 2008-09 – reduction in cargo and passenger traffic, lower freight rates, difficulty in availability of vehicle finance, stricter appraisal norms for financing – all on the back of the global financial crisis. The domestic CV sales dropped by 21.7 per cent over the previous …