29/08/2011 - Amet shipping may buy another cruise liner next year

摘要

India's first cruise line AMET Cruises, which is scheduled to launch the first sail from Kochi, on September 24, is likely to acquire another cruise liner next year, followed by cargo ships. "We are getting good response from corporate circles we have approached so far. In particular, technology major Cognizant has evinced interest. We would be running the service 340 days a year and if we get 90% occupancy, we would buy another ship," Mr P. Bharathi, CEO and Managing Director, told Business Line here on Monday. The Chennai-based company, AMET Shipping India Pvt Ltd, had bought the 35-year-old cruise liner from Star Cruise for Rs 100 crore from own internal accruals last year. "We would be initially having three sailings a week and expect to break-even in three to five years," he added.