Moneycontrol » News » Press Release

SCI has placed order for 6 nos AHTS with ABG Shipyard

Published on Wed, Feb 08, 2012 at 16:48 |  Source : Moneycontrol.com

Updated at Wed, Feb 08, 2012 at 16:56  

14926 Investors following Shipping Corp. Share this News with them.
0
0
Share on Tumblr
SCI has placed order for 6 nos AHTS with ABG Shipyard

Other Stocks in this news

ABG Shipyard |

The Shipping Corporation of India Ltd. (SCI) has placed orders for 6 Nos. Anchor Handling, Towing and Supply (AHTS) vessels with M/s ABG Shipyard Ltd. today, on 31st January, 2012. SCI is committed to development of the shipbuilding industry in India and has selected ABG Shipyard, one of the premier shipyards in the Country, for building these vessels. The shipyard was selected through competitive tendering process which was limited only for Indian shipyards. The vessels would be delivered in a phased manner from 2013 to 2014.

 

The vessels ordered by SCI are of 80 tonne bollard pull capacity each with superior specifications. These vessels will be able to offer the essential support and services for growth of the Indian Offshore industry.

 

In the offshore sector, SCI presently has a fleet of 12 vessels of which 9 vessels were acquired during the mid eighties. These vessels have been serving the oil exploration and production sector in India and the older vessels were upgraded by SCI with dynamic positioning systems, enabling the vessels to offer superior service to the oil industry. The present order of 6 vessels would serve as part replacement of these ageing assets after their phase out from the service. In addition to these 12 owned vessels SCI has on order 2 AHTS vessels of 80T capacity each, 3 AHTS of 120T capacity each and 2 PSVs. SCI has also been operating offshore vessels owned by ONGC, some of which are specialized vessels requiring high technical expertise for management. SCI has built up such required expertise through rigorous training of dedicated teams over the years. The present order for 6 nos. 80T capacity vessels mark SCI's further interest in the offshore segment, which is growing at a rapid pace in the international as well as Indian context.

 

With the present order SCI's order book position improves to 29 vessels, which include VLCCs, cellular containers vessels, bulk carriers and offshore vessels.

  

Trending News

Business News

Leaked images show Apple's iOS 6 3D Maps feature
Economy in free fall: Govt is killing growth, not Greece "Economy in free fall: Govt is killing growth, not Greece"

UP: 5 bogies of Doon Express get derailed, 4 dead

From DJ Dealers Say RBI Has Asked OMCs To Buy FX Only From 4-5 PSU Banks

The latest earning numbers FIRST on CNBC-TV18
Videos
Interviews

May 31 2012, 14:55 | Source: CNBC-TV18

Expect reasonable growth in profits ahead: Praj Industries  

May 31 2012, 14:43 | Source: CNBC-TV18

Global sugar prices may remain stable ahead: Sakthi Sugars  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!