India’s ABG Shipyard has announced that the board have accepted the resignation of its managing director and ceo Syed Abdi.
Abdi has been in the role since January 2014.
Debt-ridden ABG Shipyard has reported a net loss of Rs 1,710.68 crore ($254.8m) for the first quarter of 2016, widened from a loss of Rs 374.86 crore ($55.8m) in the same period of 2015.