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Published on Feb 1, 2010
The Indian Governments shipping secretary, K Mohandas has said that Cochin Shipyards planned expansion programme is likely to be funded through an IPO. Mr Mohandas said that the proposal was to go in for fresh equity shares of ten percent, as this is expected to increase. London-based researcher Clarkson stated that Chinese yards won 44.4 percent compared with 40.1 percent of orders placed at Korean yards. The Panama Canal Authority (ACP) has released first quarter operational results for fiscal year 2010. In the first quarter, Canal Waters Time (CWT), the average time it takes a vessel to transit the canal (including waiting time for passage) decreased significantly.