News: Tata Steel forms shipping jv

(RTR 04/12/2006) Mumbai - India's largest private steel firm, Tata Steel Ltd., said on Monday it had signed an agreement with Nippon Yusen Kabushiki Kaisha to form a shipping joint venture.

In a statement, Tata Steel said its partner was one of the world's leading transportation firms, operating some 700 ocean vessels as well as fleets of planes, trains and trucks.