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    Varun to exit offshore sector

    Company News // March 28, 2014

    Varun Shipping in India has confirmed that it is to exit the offshore vessel market and sell its anchor handlers in order to reduce debt.

    The company, which is India’s largest liquefied petroleum gas (LPG) tanker operator, said it would exit the offshore sector by September.

    “We have appointed merchant bankers to look at various options. We are certainly looking to exit the offshore segment by September 2014,” Chairman and Managing Director Yudhishthir Khatau.

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