Duo line up investment in Bengal

Calcutta: Bengal industry and finance minister Amit Mitra has disclosed two upcoming investments in the state – one, a state-owned firm teaming up with an overseas partner and the other with export potential. Shalimar Works, a state government-owned shipbuilding and repair firm is looking to partner with a Bangladeshi firm to form a special purpose vehicle, while IFB Agro, which is known for its liquor and seafood businesses, is setting up a manufacturing unit at Halidia to export shrimps. “Shalimar Works builds civilian vessels for Indian Navy and they have requested…

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Haimark Line cancels Cuba cruise

Haimark Line has canceled the first in a series of cruises between Miami and Cuba as negotiations over its Saint Laurent ship remain unresolved. The roundtrip cruise was to depart Feb. 29 from Miami on a 10-day voyage visiting Havana and a six other ports of call. Haimark’s only ship, the Saint Laurent, is chartered from Clipper Cruises. A dispute over an insurance claim between the two landed Haimark in bankruptcy proceedings in October. Haimark had hoped that a sale of the company to a Los Angeles private equity investor…

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