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g. among the worst 3-4 in the last century? .Recessions Are Not Unusual Recessions happen about every five years (e. 20 in past century) The relatively unbroken prosperity of the past 25 years is unprecedented Most last about 18 months. This is a very serious recession.
India has one of the largest merchant shipping fleet among the developing countries and is ranked17th in the world. . Approximately. 90 % of the country’s trade volume (70 % in terms of value) is moved by sea.INDIAN SHIPPING SECTOR Shipping plays an important role in the transport sector of India’s economy.
comprising 11 LPG carriers. The company provides comprehensive shipping solution across the entire hydrocarbon product chain to its valued customers. With its diversified fleet in LPG and crude oil sectors. Varun owns/operates a fleet of 21 vessels. 3 crude oil tankers and 7 anchor handling towing and supply (AHTS) vessels. including Indian Public Sector Undertakings and international charterers . The company has a diversified and well established base of customers.INTRODUCTION Varun is a private sector shipping company in India.
.THE VARUN SHIPPING JOURNEY…. .
BUSINESS STRATEGY Our strategy is to assess the shipping requirements of our customers in the hydrocarbon sector both in India and globally. The plan is to maintain our presence in India while we seek to increase our presence in the global market. The plan is to expand our fleet to cater to the growing needs of our customers and benefit from the expected growth in demand for hydrocarbon transportation. . both in India and abroad.
BUSINESS STRATEGY CONTI…(EXPANSION OF FLEET) Expansion strategy vis-à-vis sectors of business. and owners. (a) Niche market sectors:Niche market sectors comprise sectors typically characterized by few charterers and owners. where the vessel requirements and designs have evolved into standard designs and sizes . (b) General market sectors:General market sectors comprise sectors with a large base of charterers. where the vessel requirements and designs are relatively specific to the trade involved.
CNX VARUN SHIPPING .