Date:28/08/2005 URL: http://www.thehindubusinessline.com/2005/08/28/stories/2005082801590300.htm

Back GE Shipping board to consider restructuring proposal

Our Bureau

Mumbai , Aug. 27

THE board of directors of Great Eastern Shipping Company will be meeting on August 31 to consider a proposal to restructure the company's business, a company official said.

The official did not give any details of the proposal. According to sources, GE Shipping proposes to hive off its offshore oil field services division into a separate entity.