High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
The sales of LNG are expected to start in 2014, Walter Simpson, president and managing director of BG India, told reporters on the sidelines of an industry conference.
Energy company GSPC is fully owned by the provincial government of Gujarat in western India. According to its website, it is building an LNG terminal in western India through a wholly owned unit.
-By Rakesh Sharma; Dow Jones Newswires
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