L&T Wins Contract

Wednesday, March 26, 2008

 

Larsen and Toubro Ltd (L&T) has won a contract valued at about $240m to build four specialized ships for Dutch company RollDock BV.
Indian companies are currently building about 245 ships worth more than Rs20,000 crore. Of this, about 70% are for overseas clients, who are placing orders at Indian yards as shipbuilding facilities in maritime strongholds such as , and are fully booked till 2011.
Each ship will cost about $60m to build. These will be built at L&T’s shipyard at Hazira in and would take the firm’s order book to 12 ships.
  The Mumbai-based company launched its shipbuilding venture in May 2006 with an order for building four ships valued at Rs440 crore from Rotterdam-based Zadeko Ship Management CV (now known as ). The Dutch firm placed a repeat order in August 2007 with L&T for two more ships valued at more than $70 million.

 

L&T recently received the required approvals from the Tamil Nadu government to set up what will be the country’s biggest shipbuilding facility at Kattupalli in Thiruvallur district, near Chennai.

The proposed shipyard-cum-port project, which will cost more than Rs3,000 crore, will be capable of building 25 ships a year, including five very large crude carriers and 20 panamax vessels. The yard will also be able to repair 50-60 ships a year.

Very large crude carriers have a capacity to carry 300,000-350,000 tonnes of crude oil and panamax vessels can can each carry 120,000-200,000 tonnes of dry bulk commodities.

L&T ventured into shipbuilding by converting part of its heavy engineering complex at Hazira into a yard that can build three mid-size ships with a cargo carrying capacity of 15,000-20,000 tonnes in a year. Although the company is now expanding the capacity of the Hazira yard to make six ships a year, it cannot make bigger ships there.

Source:  WSJ

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wintershall Takes Over Operatorship of Norwegian Subsea Oil and Gas Field

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today.   Vega is the BASF subsidiary’s

Two Mooring Tugs Delivered to NSW

Nakilat Damen Shipyards Qatar (NDSQ) has delivered two new Qatari-built mooring tugs to towage operator Nakilat SvitzerWijsmuller (NSW).   The delivery of the

Maersk Oil Hires Ampelmann Gangway System

After having performed a walk to work (W2W) campaign in the summer of 2014, Motion Compensation Gangways (MCG) developer Ampelmann has again been awarded a contract

Shipbuilding

Two Mooring Tugs Delivered to NSW

Nakilat Damen Shipyards Qatar (NDSQ) has delivered two new Qatari-built mooring tugs to towage operator Nakilat SvitzerWijsmuller (NSW).   The delivery of the

Tank Coating for Navig8 Chemical Carrier Newbuilds

Shipowner Navig8 is progressing application of Interline9001, an advanced cargo tank coating from AkzoNobel’s International marine coating product range, on a series

Lamprell Delivers Jackup Rig to Greatship

Lamprell announced it has completed construction on jackup drilling rig Greatdrill Chaaru, delivering the rig to Greatship Global Energy Services Pte. Ltd.    Greatdrill

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2283 sec (4 req/sec)