Global Economic Recession: Threat to Shipping Industry

KOCHI:
The World Shipping Industry is facing a grave threat due to the Global economic recession, said C.J. Mathew IRS, Commissioner of Customs & Central Excise Appellate Tribunal, Mumbai. However the Shipping Industry is poised for a gint leap once the recession is over, he added. He was inaugurating the Passing-Out Ceremony for the Ninth
batch of B.Tech Marine Engineering students at K.M School of Marine Engineering, Cusat.
Cusat, Vice-Chancellor, Dr. J. Letha, presided over the function. Prof. Dr. K.A. Simon, Director, K.M. School of Marine Engineering, Reuben Mathew Jacob, Managing Director, Lakshadweep Development Corporation Ltd., Prof. Dr. K. Paulose Jacob, Pro Vice- Chancellor, Prof. N. G. Nair, Course Co-ordinator and Dr. A.B. Bhasi,
Controller of Examination, spoke.