Saturday, July 21, 2007

GE Shipping - New Building Order Placed For 2 State Of The Art PSV''s

Great Eastern Shipping Company Ltd (GE Shipping) has announced that Greatship Global Offshore Services Pte Ltd, Singapore has signed a contract for 2 new building Multi Purpose Platform Supply & Support Vessels with Keppel Singmarine Pte Ltd, Singapore. These vessels are expected to join the Companys fleet in Q2FY 2009-10. The Multi Purpose Platform Supply & Support Vessels are of 4600+ dwt, fitted with DP-2 and have diesel electric propulsion. The vessels, which are also prepared for helideck and offshore crane, are larger and technologically more advanced than any PSV currently operational in the Indian waters.

Greatship Global Offshore Services Pte Ltd is wholly owned by Greatship (India) Ltd (GIL), which in turn is a wholly owned subsidiary of the Company.

GIL and its subsidiaries already have a new building order book of 10 new building Offshore Supply Vessels (2 mid sized PSVs and 8 AHTSVs) and 1 new building 350 feet Jack up Rig. Apart from this, there is also 1 second hand modem PSV which is to be delivered in Q2 FY 2007-08.

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