ONGC to Finalize Shipbuilding Contract
According to a June 25 report on livemint.com, India’s biggest oil exploration company, the state-owned Oil and Natural Gas Corp. Ltd (ONGC), is expected to name within a week the winner of a tender to build 12 ships that will support its oil drilling operations. It was reported that Pipavav Shipyard Ltd, India’s newest private sector shipbuilder, has submitted the lowest bid. However, the winner will not be named ahead of a formal announcement by ONGC. (Source: livemint.com)
ABG Shipyard to Expand Capacity
India’s ABG Shipyard Ltd plans to invest to expand capacity to meet the rising global demand for building large cargo carrying ships. After the expansion, the company hopes to build large size ships, including very large crude carriers (VLCCs) at its shipyard located at Magdalla Port in Surat, Gujarat, said Rishi Agarwal, managing director of ABG. A VLCC can typically carry as much as 320,000 tonnes of crude oil. ABG is currently building its second shipyard across 40 acres at Dahej in Gujarat at a cost of Rs950 crore. The first phase of the project will give the company facilities the ability to build eight ships simultaneously, with each ship having a capacity of 120,000 tonnes. These ships will meet growing demand in the dry bulk (cargo) segment.
The 2001 “Best of What’s New” Award in General Technology
Popular Science magazine has announced that the Hardsuit 2000 has been chosen to receive a 2001 “Best of What’s New” award in the General Technology category. Each year, the editors of Popular Science select 100 products for the "Best of What's New" from the annual review of thousands of new products, technology developments and scientific achievements. Grand awards are presented to the top product in each of 10 categories named by the publication. Popular Science's December 2001 issue will mark the 14th anniversary of the awards program and include a cover story, along with a 26-page special editorial section highlighting the staff's selections. Popular Science offers Internet users the opportunity to select the Readers' Choice Award from among the 100 winners chosen.
