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BSL Acquires Swan Hunter Shipyard Machinery and Equipment

Maritime Activity Reports, Inc.

April 17, 2007

Bharati Shipyard Limited has acquired all the shipyard machinery and equipment of UK-based Swan Hunter (Tyneside) Shipyard Ltd. Through this acquisition BSL acquires fully automated panel lines, quayside traveling gantry cranes upto 180T capacity, 30 overhead traveling cranes upto 60T capacity, plate bending rolls of 2000 ton capacity, bending presses, robotic profiling machines, CNC plasma burning equipment, etc. These equipments will be used by BSL at its existing yards as well as for its Greenfield projects. BSL has also acquired the 20,000-ton lift capacity floating dock of Swan Hunter Shipyard, which will add a lot of value to its existing operations. This acquisition would help BSL to save cost and lead-time, which would have otherwise been spent in procuring the new machineries and equipments.

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