With its greenfield shipyard project yet to receive all necessary clearances, offshore service provider Dolphin Offshore Ltd is in the process of forging alliances with domestic shipyards in a bid to dip into the booming shipbuilding market at the earliest.
The company is in talks with three shipyards — two in Gujarat and one in Maharashtra-- to finalize a deal with one of the shipyards within the next two months.
In the long run, Dolphin Offshore plans to consolidate its presence in the shipbuilding space by setting up a shipyard in three phases.
After completion of the three phases of construction, the shipyard will be capable of dry-docking jack-up rigs, apart from constructing bigger ships.
With more than 60 such rigs in operation in the Indian offshore sector, Dolphin sees tremendous potential in this space.
Source: Business Line