In an interview to ET, he said inventories had begun to normalise with the easing of the pandemic and restocking should begin by the end of the year. On India plans, he said APM Terminals, part of Maersk Group, plans to invest about ₹3,500 crore in its Pipavav port, but a large part of the proposed capex is subject to extension of the port lease.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.