L&T in Talks for Shipbuilding Contract

Tuesday, February 19, 2008
India’s biggest engineering and construction firm, Larsen and Toubro Ltd, is in talks with a Dutch shipowner for a new building contract valued at more than $100 million according to the Wall Street Journal. New orders: Larsen and Toubro’s employees shift a 20-tonne ship part in the company’s shipbuilding yard in Hajira. L&T is negotiating with a Dutch shipowner for a new shipbuilding order.

L&T is currently building eight ships valued at about Rs1,150 crore. These comprise six for RollDock and two from BigLift Shipping BV, also of the Netherlands. L&T launched its shipbuilding venture in May 2006 with an order for building four ships valued at Rs440 crore from the Rotterdam-based shipping firm Zadeko Ship Management CV (now known as RollDock BV). RollDock placed a repeat order in August 2007 with L&T for building two more ships valued at more than $70 million.

Mumbai-based L&T has recently secured clearance from the Tamil Nadu cabinet to set up the country’s biggest shipbuilding facility at Kattupalli in Thiruvallur district near Chennai. The Rs3,000 crore proposed shipyard-cum-port project will be capable of building 25 ships in a year, including five very large crude carriers, each with a capacity to carry 300,000- 350,000 tonnes of crude oil, and 20 Panamax vessels, which can each carry 120,000-200,000 tonnes of dry bulk commodities and are called thus because they can pass through the Panama Canal carrying cargo. The yard will also be able to repair 50-60 ships a year. L&T ventured into shipbuilding last year by converting part of its heavy engineering complex at Hazira into a yard that could 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. The yard opens into a river that has limited draft (depth in shipping terminology). That explains its decision to build a new yard at Kattupalli. Source: Wall Street Journal

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

New Standard for LNG Cargo Containment Systems

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.

Messer to Debut MetalMaster Xcel

Messer Cutting Systems said it has answered the call from manufacturers that have been demanding a faster, more accurate way of producing cut parts. Messer’s

Rolls-Royce Expands in the Canary Islands

Rolls-Royce announced it has signed a cooperation agreement with the Astican Shipyard in Las Palmas, Canary Islands that it said will enhance the service capabilities

Offshore

Salamander Energy Updates on SONA Transaction

Salamander Energy said it has submitted a draft shareholder circular to the Financial Conduct Authority in relation to previously stated plans to divest of an interest in the Greater Bualuang Area.

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators 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: 0.1217 sec (8 req/sec)