Sale of Mini Bulk Carriers<BR/>

| Updated on: Feb 11, 2011

Chowgule Steamships Ltd has informed BSE that the Company has completed sale and delivery of its three Mini Bulk Carriers viz. Maratha Coral, Maratha Courage and Maratha Crystal. Two of the above mentioned vessels were more than 13 years old and one vessel had been out of operations for a long time. As such, the sale of these vessels resulted in aggregate marginal loss of about Rs. 1.25 Crores only.

Source : BSE - >www.bseindia.com

Published on February 11, 2011

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