Varun Threatened With Losing Licence

News: India-based Varun Shipping will face losing its operating licence in November 2013 if it is unable to adhere to financial obligations. Local industry body the Director of General Shipping has warned the firm that it may be unable to run its shipping schedule if it fails to pay staff wages, Hellenic Shipping News reports. Varun Shipping has struggled financially in 2013, and has been forced to withhold payment for upgrades to its fleet, leading many to criticise its commitment to the safety of its employees.

This article is tagged to:
Sector: Shipping
Geography: India

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