Article: BRIEFING - ASIA SHIPPING - SEPT 23, 2009.

An executive briefing on shipping for Sept 23, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

INDIA'S PIPAVAV SHIPYARD FIXES IPO PRICE AT US$1.20

MUMBAI - Indian private shipbuilder Pipavav Shipyard has fixed the issue price of its initial public offer (IPO) at Rs 58 (US$1.20), a little less than the upper end of its price band.

"Pipavav Shipyard fixed the issue price at Rs 58 - Rs 2 lesser than the upper end of its price band," shipbuilder said in a statement today.

LUXURIOUS TURKISH YACHTS TO BE EXHIBITED IN MONACO FAIR

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