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Marine Log

December 18, 2007

ABG Shipyard books export orders

India's ABG Shipyard Ltd has recently announced a clutch of newbuilding orders from repeat customers. They appear to mark what could be the end of a dry spell for Indian shipbuilders that has lasted since the ending of the current Indian government subsidy program back in August.

Lamnalco Ltd, Cyprus has placed a repeat order worth $32.2 million for two 53 m LOA, 80 t bollard pull, azimuthing production support vessel. The vessel is designed to be used for tow / move derrick / lay barge / rigs, tanker handling and berthing with push / pull capability, anchor handling duties, move equipments and materials between barge and shore, external fire fighting, maintenance and pollution control, etc.

ABG has constructed and delivered seven vessels to Lamnalco and a further five are under construction.

Maridive and Oil Services S.A.E. Egypt has placed repeat order worth $46 million for an additional two vessels. The vessels will be twin screw 72 m LOA, 130 t bollard pull Anchor Handling Tug / Supply Vessels. Built for operation in unrestricted waters, they are designed for multi purpose roles such as anchor handling, towing, transport pipes, fresh water, diesel oil, bulk cement, stores, materials and equipments, move men and materials between platforms and shore, evacuate casualties, external fire fighting and anti pollution control etc.

Since 2003, ABH has successfully delivered three vessels to Maridive and four more are at an advance stage of construction.

Precious Shipping Public Company Ltd Thailand (PSL) and ESLL, Cyprus have also ordered five 54,000 DWT bulkers at a contracted price of $184.48 million. ABG currently has 12 of these vessels under construction for PSL.

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