Kochi: Cochin Shipyard Ltd has attained an all-time high of 1,81,000 dwt in shipbuilding this year exceeding the previous best of 1,10,206 dwt achieved in 2005-06. The yard is hoping a net profit of around Rs 58 crore (provisional) in 2006-07, which is three times that of last year''s Rs 18 crore. The turnover is expected to be Rs 800 crore, which is twice that of the previous year''s Rs 418 crore. The yard has delivered a platform supply vessel Sea Angler to Deep Sea Supply, Norway on July 19. The first two vessels of this series were delivered in January and April and are rendering good service in offshore fields off Congo in West Africa.
The vessel is designed for meeting the specific demands of the offshore industry for transport of deck cargo, pipes, liquid cargo, cement / barrite etc and unloading to rigs and production platforms, pipe-laying barges etc. The yard is constructing 17 platform supply vessels for European clients. Apart from this, 2 bulk carriers for Clipper, Bahamas, are under advanced construction. Total order book of CSL is 19 ships amounting to over Rs 2,000 crore.
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