Bharati, Apeejay Form Shipbuilding JV

Tuesday, October 23, 2007
Bharati Shipyard Ltd. and unlisted Apeejay Shipping Ltd. said they would invest Rs 2,000 crore in an equal joint venture to set up a modern shipbuilding yard along India’s eastern coast, according to a Reuters report. While Indian shipbuilders are expanding their capacities with buyouts of other yards and assets, Indian shipping and engineering firms are planning to set up shipbuilding yards to exploit the sector’s surging potential. The proposed shipyard, expected to start operations in 2009, would build superior ships of high tonnage and also cater to the ship repairing business of existing shipping firms globally, Bharati said in a statement. Bharati Shipyard, which has orders worth Rs 4,430 crore, owns three shipyards in India and is building the fourth one in Mangalore. Its group subsidiary, Pinky Shipyard, owns one yard in Goa. Earlier this year, Bharati Shipyard bought assets of 130-year-old Swan Hunter (Tyneside) Shipyard Ltd. from England. [Source: Reuters]
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

INTERSCHALT Expands Africa, Asia Service Networks

INTERSCHALT maritime systems AG, the provider of maritime software, services and supplier of Voyage Data Recorders (VDR 4G[e] and s-VDR) has expanded its network

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

Container Ships

Cosco Boxship Detained Over Illegal Arms

Colombian authorities detained a vessel operated by China's largest shipping group for illegally transporting thousands of cannon shells, about 100 tonnes of gunpowder

Rotterdam Port Receives Largest Box Ship

The MSC Oscar arrived on Tuesday (yesterday) at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
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: 0.1457 sec (7 req/sec)