Dolphin Mulls Shipyard Buy

India's Dolphin Offshore Enterprises (India) Ltd (Dolphin), which provides offshore and onshore integrated services to the oil and gas industry, is reportedly considering entering the shipbuilding market, earmarking investment money for the project and eyeing two existing shipyards for acquisition, according to a report on http://sify.com.

Gujarat Maritime Board has already allotted land at Jafrabad in Gujarat and the project will reportedly take off in about two years. Dolphin is considering positioning the greenfield project at the grassroots level to build smaller vessels of up to 100 metres (1,000-1,200 tonnes). (Source: http://sify.com)