Collateral damage keeps mounting as iron ore economy crumbles

Tata NYK Shipping Pte Ltd runs on a triangular route from Australia to Mormugao in India and then to China. The joint venture set up in 2007 between India's largest business group and one of the world's largest shipping line was expected to tap into the huge coal and iron ore business emerging between these three giant economies on the three flanks of the Asia-Pacific region.

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